EARNINGS PER SHARE

3 Months Ended

Mar. 31, 2022

Basic earnings per share is calculated by dividing income available to stockholders by the weighted-average number of common shares outstanding during each period. Diluted earnings per share is computed using the weighted-average number of common and dilutive common share equivalents outstanding during the period. Dilutive common share equivalents consist of shares issuable upon the exercise or settlement of stock awards and shares issuable under the employee stock purchase plan (calculated using the treasury stock method) during the period they were outstanding.

The following table sets forth the computation of basic and diluted net income per share (in thousands, except per share information):


	Three Months Ended
	March 31,
	2022		2021
Numerator:


Net income	$	60,232	$	90,048
Denominator:
Denominator for basic earnings per share - weighted-average shares outstanding	125,498		122,923
Effect of dilutive employee stock awards	2,236		3,103

Denominator for diluted earnings per share - weighted-average shares outstanding	127,734		126,026




Basic earnings per share	$	0.48	$	0.73




Diluted earnings per share	$	0.47	$	0.71

For the three months ended March 31, 2022, anti-dilutive stock-based awards excluded from the calculations of diluted earnings per share were 1.2 million shares. For the three months ended March 31, 2021, stock-based awards excluded from the calculations of diluted earnings per share were not material.

CITRIX SYSTEMS INC 10-Q