Quarterly report pursuant to Section 13 or 15(d)

Earnings per Share (Tables)

v3.19.3
Earnings per Share (Tables)
9 Months Ended
Sep. 30, 2019
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,
 
 
2019
 
2018
 
2019
 
2018
Weighted average shares outstanding – Basic
 
134,511,819

 
133,336,352

 
134,213,571

 
133,237,653

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
 
1,137,891

 
1,239,810

 
1,091,799

 
985,975

Weighted average shares outstanding – Diluted
 
135,649,710

 
134,576,162

 
135,305,370

 
134,223,628

 
 
 
 
 
 
 
 
 

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,
 
 
2019
 
2018
 
2019
 
2018
Numerator:
 
 
 
 
 
 
 
 
Net income attributable to PQ Group Holdings Inc.
 
$
26,713

 
$
14,185

 
$
60,438

 
$
30,181

 
 
 
 
 
 
 
 
 
Denominator:
 
 
 
 
 
 
 
 
Weighted average shares outstanding – Basic
 
134,511,819

 
133,336,352

 
134,213,571

 
133,237,653

Weighted average shares outstanding – Diluted
 
135,649,710

 
134,576,162

 
135,305,370

 
134,223,628

Net income per share:
 
 
 
 
 
 
 
 
Basic income per share
 
$
0.20

 
$
0.11

 
$
0.45

 
$
0.23

Diluted income per share
 
$
0.20

 
$
0.11

 
$
0.45

 
$
0.22

 
 
 
 
 
 
 
 
 

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,
 
 
2019

2018
 
2019

2018
Restricted stock awards with performance only targets not yet achieved
 
1,537,572

 
1,709,463

 
1,601,474

 
1,719,775

Stock options with performance only targets not yet achieved
 
578,564

 
586,253

 
583,204

 
586,253

Anti-dilutive restricted stock awards, restricted stock units and performance stock units
 

 

 

 
18,076

Anti-dilutive stock options
 
863,063

 
760,766

 
863,063

 
668,596