Knight-Swift Transportation Holdings Inc
For the period ended Dec 31, 2023. Filed Feb 22, 2024.
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FY2023 · Filed Feb 22, 2024
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Weighted Average Shares Outstanding
Note 22 —Weighted Average Shares Outstanding
Earnings per share, basic and diluted, as presented in the consolidated statements of comprehensive income, are calculated by dividing net income attributable to Knight-Swift by the respective weighted average common shares outstanding during the period.
The following table reconciles basic weighted average shares outstanding to diluted weighted average shares outstanding:
| 2023 | 2022 | 2021 | |
|---|---|---|---|
| (In thousands) | |||
| Basic weighted average common shares outstanding | 161,188 | 162,260 | 165,860 |
| Dilutive effect of equity awards | 638 | 951 | 1,200 |
| Diluted weighted average common shares outstanding | 161,826 | 163,211 | 167,060 |
| Anti-dilutive shares excluded from earnings per diluted share 1 | 252 | 335 | 208 |
1 Shares were excluded from the dilutive-effect calculation because the outstanding awards' exercise prices were greater than the average market price of the Company's common stock.
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