Quarterly report pursuant to Section 13 or 15(d)

Earnings per Share (Tables)

v3.22.1
Earnings per Share (Tables)
3 Months Ended
Mar. 31, 2022
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
March 31,
2022 2021
Weighted average shares outstanding – Basic 137,684,773  136,006,082 
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 1,064,292
Weighted average shares outstanding – Diluted 138,749,065 136,006,082
Schedule of Earnings Per Share, Basic and Diluted
Basic and diluted income (loss) per share are calculated as follows:
Three months ended
March 31,
2022 2021
Numerator:
Income (loss) from continuing operations attributable to Ecovyst Inc. $ 7,875  $ (2,748)
Loss from discontinued operations attributable to Ecovyst Inc. —  (89,887)
Net income (loss) attributable to Ecovyst Inc. $ 7,875  $ (92,635)
Denominator:
Weighted average shares outstanding – Basic 137,684,773  136,006,082 
Weighted average shares outstanding – Diluted 138,749,065  136,006,082 
Net loss per share:
Basic income (loss) per share - continuing operations 0.06  (0.02)
Diluted income (loss) per share - continuing operations 0.06  (0.02)
Basic loss per share - discontinued operations —  (0.66)
Diluted loss per share - discontinued operations —  (0.66)
Basic income (loss) per share $ 0.06  $ (0.68)
Diluted income (loss) per share $ 0.06  $ (0.68)
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
March 31,
2022 2021
Restricted stock awards with performance only targets not yet achieved 613,903  883,380 
Stock options with performance only targets not yet achieved 326,689  376,812 
Anti-dilutive restricted stock awards, restricted stock units and performance stock units —  — 
Anti-dilutive stock options 807,301  —