Earnings per Share (Tables)
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9 Months Ended |
Sep. 30, 2021 |
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| Earnings Per Share [Abstract] |
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| Reconciliation from Basic to Diluted Weighted Average Number of Shares Outstanding |
The reconciliation from basic to diluted weighted average shares outstanding is as follows:
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Three months ended
September 30, |
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Nine months ended
September 30, |
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2021 |
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2020 |
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2021 |
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2020 |
| Weighted average shares outstanding – Basic |
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136,129,591 |
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135,106,969 |
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136,111,555 |
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135,292,163 |
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| 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 |
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1,224,836 |
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— |
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— |
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895,870 |
| Weighted average shares outstanding – Diluted |
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137,354,427 |
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135,106,969 |
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136,111,555 |
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136,188,033 |
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| Schedule of Earnings Per Share, Basic and Diluted |
Basic and diluted loss per share are calculated as follows:
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Three months ended
September 30, |
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Nine months ended
September 30, |
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2021 |
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2020 |
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2021 |
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2020 |
| Numerator: |
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| Net income (loss) attributable to Ecovyst Inc. |
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$ |
(71,259) |
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$ |
7,512 |
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$ |
(165,384) |
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$ |
23,662 |
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| Denominator: |
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| Weighted average shares outstanding – Basic |
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136,129,591 |
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135,106,969 |
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136,111,555 |
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135,292,163 |
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| Weighted average shares outstanding – Diluted |
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137,354,427 |
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135,106,969 |
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136,111,555 |
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136,188,033 |
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| Net loss per share: |
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| Basic (loss) income per share |
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$ |
(0.52) |
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$ |
0.06 |
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$ |
(1.22) |
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$ |
0.17 |
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| Diluted (loss) income per share |
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$ |
(0.52) |
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$ |
0.06 |
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$ |
(1.22) |
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$ |
0.17 |
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| 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:
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Three months ended
September 30, |
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Nine months ended
September 30, |
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2021 |
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2020 |
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2021 |
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2020 |
| Restricted stock awards with performance only targets not yet achieved |
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828,967 |
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950,174 |
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852,822 |
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1,323,270 |
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| Stock options with performance only targets not yet achieved |
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375,733 |
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503,526 |
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376,448 |
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509,782 |
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| Anti-dilutive restricted stock awards, restricted stock units and performance stock units |
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— |
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1,539,506 |
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1,432,906 |
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| Anti-dilutive stock options |
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— |
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844,475 |
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4,221 |
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846,578 |
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