AerSale Corporation Annual report pursuant to Section 13 and 15(d)

Annual report pursuant to Section 13 and 15(d)

EARNINGS PER SHARE

EARNINGS PER SHARE

12 Months Ended

Dec. 31, 2022

NOTE N - EARNINGS PER SHARE

The computation of basic and diluted earnings per share (“EPS”) is based on the weighted average number of common shares outstanding during each period. The computation of basic and diluted earnings per share is impacted by dividends for preferred stockholders.

The following table provides a reconciliation of the computation for basic and diluted earnings per share for the years ended December 31, (in thousands, except share and per share data):


	2022		2021		2020
Net income	$	43,861	$	36,115	$	8,094

Weighted-average number of shares outstanding - basic		51,568,436		43,193,995		1,030,835
Additional shares from assumed exercise of warrants		141		3,070,762		64,368
Additional shares from assumed stock-settled restricted stock units		1,577,062		1,040,883		-
Additional shares issued under the Employee Stock Purchase Plan		-		4,460		-
Weighted-average number of shares outstanding - diluted		53,145,639		47,310,100		1,095,203

Earnings per share - basic:	$	0.85	$	0.84	$	7.85
Earnings per share - diluted:	$	0.83	$	0.76	$	7.39

Shares/units excluded from earnings per share - dilutive:
Additional shares from assumed exercise of Private Warrants		212,540		—		—