Rollins, Inc. Quarterly report pursuant to Section 13 or 15(d)

Quarterly report pursuant to Section 13 or 15(d)

EARNINGS PER SHARE

EARNINGS PER SHARE

3 Months Ended

Mar. 31, 2022

NOTE 14.EARNINGS PER SHARE

The Company reports both basic and diluted earnings per share. Basic earnings per share is computed by dividing net income available to participating common stockholders by the weighted average number of participating common shares outstanding for the period. Diluted earnings per share is calculated by dividing the net income available to participating common shareholders by the diluted weighted average number of shares outstanding for the period. The diluted weighted average number of shares outstanding is the basic weighted number of shares adjusted for any potentially dilutive equity.

A reconciliation of weighted average shares outstanding is as follows (in thousands):


	Three Months Ended
	March 31,
	2022		2021

Weighted-average outstanding common shares		489,616		489,123
Add participating securities:
Weighted-average time-lapse restricted awards		2,597		2,880
Total weighted-average shares outstanding - basic		492,213		492,003
Dilutive effect of restricted stock units		112		—
Weighted-average shares outstanding - diluted		492,325		492,003