Quarterly report pursuant to Section 13 or 15(d)

Earnings per Share (Tables)

v3.20.2
Earnings per Share (Tables)
9 Months Ended
Sep. 30, 2020
Earnings Per Share [Abstract]  
Reconciliation from Basic to Diluted Weighted Average Number of Shares Outstanding
The reconciliation from basic to diluted weighted average shares outstanding is as follows:
Three months ended
September 30,
Nine months ended
September 30,
2020 2019 2020 2019
Weighted average shares outstanding – Basic 135,106,969  134,511,819  135,292,163  134,213,571 
Dilutive effect of unvested common shares and restricted stock units with service conditions, performance stock units considered probable of vesting and assumed stock option exercises and conversions 872,149 1,137,891 895,870 1,091,799
Weighted average shares outstanding – Diluted 135,979,118 135,649,710 136,188,033 135,305,370
Schedule of Earnings Per Share, Basic and Diluted
Basic and diluted earnings per share are calculated as follows:
Three months ended
September 30,
Nine months ended
September 30,
2020 2019 2020 2019
Numerator:
Net income attributable to PQ Group Holdings Inc. $ 7,512  $ 26,713  $ 23,662  $ 60,438 
Denominator:
Weighted average shares outstanding – Basic 135,106,969  134,511,819  135,292,163  134,213,571 
Weighted average shares outstanding – Diluted 135,979,118  135,649,710  136,188,033  135,305,370 
Net income per share:
Basic income per share $ 0.06  $ 0.20  $ 0.17  $ 0.45 
Diluted income per share $ 0.06  $ 0.20  $ 0.17  $ 0.45 
Schedule of Securities Excluded from Computation of Earnings Per Share
The table below presents the details of the Company’s weighted average equity-based awards outstanding during each respective period that were excluded from the calculation of diluted earnings per share:
Three months ended
September 30,
Nine months ended
September 30,
2020 2019 2020 2019
Restricted stock awards with performance only targets not yet achieved 950,174  1,537,572  1,323,270  1,601,474 
Stock options with performance only targets not yet achieved 503,526  578,564  509,782  583,204 
Anti-dilutive restricted stock awards, restricted stock units and performance stock units 1,539,506  —  1,432,906  — 
Anti-dilutive stock options 844,475  863,063  846,578  863,063