Basic earnings per share is computed based on weighted average shares outstanding and excludes dilutive securities. Diluted earnings per share is computed including the impacts of all potentially dilutive securities.

The following table sets forth the computation of basic and diluted earnings per share for the periods indicated (in thousands, except per share data):


	Three Months Ended March 31,
	2026		2025
Basic earnings per share:
Weighted average shares outstanding	15,531		15,698
Net income attributable to DXP Enterprises, Inc.	$	19,978	$	20,589
Convertible preferred stock dividend	23		23
Net income attributable to common shareholders	$	19,955	$	20,566
Per share amount	$	1.28	$	1.31

Diluted earnings per share:
Weighted average shares outstanding	15,531		15,698
Assumed conversion of convertible preferred stock	840		840
Total dilutive shares	16,371		16,538
Net income attributable to common shareholders	$	19,955	$	20,566
Convertible preferred stock dividend	23		23
Net income attributable to DXP Enterprises, Inc.	$	19,978	$	20,589
Per share amount	$	1.22	$	1.25

As of March 31, 2026 and 2025, the weighted average of the unvested restricted stock awards were 219,904 and 302,647 shares, respectively. The preferred stock is convertible into 840,000 shares of common stock.