Quarterly report pursuant to Section 13 or 15(d)

Earnings per Share (Tables)

v3.19.2
Earnings per Share (Tables)
6 Months Ended
Jun. 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
June 30,
 
Six months ended
June 30,
 
 
2019
 
2018
 
2019
 
2018
Weighted average shares outstanding – Basic
 
134,142,552

 
133,222,463

 
134,044,972

 
133,188,303

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
 
1,180,472

 
987,277

 
1,062,035

 
859,059

Weighted average shares outstanding – Diluted
 
135,323,024

 
134,209,740

 
135,107,007

 
134,047,362

 
 
 
 
 
 
 
 
 

Schedule of Earnings Per Share, Basic and Diluted
Basic and diluted earnings per share are calculated as follows:
 
 
Three months ended
June 30,
 
Six months ended
June 30,
 
 
2019
 
2018
 
2019
 
2018
Numerator:
 
 
 
 
 
 
 
 
Net income attributable to PQ Group Holdings Inc.
 
$
30,574

 
$
15,782

 
$
33,725

 
$
15,996

 
 
 
 
 
 
 
 
 
Denominator:
 
 
 
 
 
 
 
 
Weighted average shares outstanding – Basic
 
134,142,552

 
133,222,463

 
134,044,972

 
133,188,303

Weighted average shares outstanding – Diluted
 
135,323,024

 
134,209,740

 
135,107,007

 
134,047,362

Net income per share:
 
 
 
 
 
 
 
 
Basic income per share
 
$
0.23

 
$
0.12

 
$
0.25

 
$
0.12

Diluted income per share
 
$
0.23

 
$
0.12

 
$
0.25

 
$
0.12

 
 
 
 
 
 
 
 
 

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
June 30,
 
Six months ended
June 30,
 
 
2019

2018
 
2019

2018
Restricted stock awards with performance only targets not yet achieved
 
1,637,134

 
1,760,937

 
1,638,318

 
1,760,937

Stock options with performance only targets not yet achieved
 
586,253

 
586,253

 
586,253

 
586,253

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

 

 
2,102

 

Anti-dilutive stock options
 
863,063

 
621,747

 
863,063

 
621,747