| Earnings per Share |
Earnings per Share:
Basic earnings per share is calculated as income (loss) available to common stockholders, divided by the weighted average number of common shares outstanding during the period for each class of common stock, respectively. Diluted earnings per share is calculated as income (loss) available to common stockholders, divided by the weighted average number of common and potential common shares outstanding during the period for each class of common stock, if dilutive.
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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2017 |
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2016 |
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2017 |
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2016 |
Weighted average common shares outstanding – Basic |
104,096,837 |
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103,783,719 |
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104,020,180 |
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81,986,221 |
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Dilutive effect of unvested common shares with service conditions and assumed stock option exercises and conversions |
— |
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— |
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— |
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— |
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Weighted average common shares outstanding – Diluted |
104,096,837 |
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103,783,719 |
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104,020,180 |
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81,986,221 |
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The following table reconciles the components of basic and diluted loss per share for the three and nine months ended September 30, 2017 and 2016:
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Three months ended
September 30, |
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Nine months ended
September 30, |
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2017 |
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2016 |
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2017 |
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2016 |
Numerator: |
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Net loss attributable to PQ Group Holdings Inc. |
$ |
(3,345 |
) |
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$ |
(10,017 |
) |
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$ |
(7,408 |
) |
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$ |
(90,410 |
) |
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Denominator: |
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Weighted average common shares outstanding – Basic |
104,096,837 |
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103,783,719 |
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104,020,180 |
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81,986,221 |
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Weighted average common shares outstanding – Diluted |
104,096,837 |
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103,783,719 |
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104,020,180 |
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81,986,221 |
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Net loss per common share: |
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Basic earnings per share |
$ |
(0.03 |
) |
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$ |
(0.10 |
) |
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$ |
(0.07 |
) |
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$ |
(1.10 |
) |
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Diluted earnings per share |
$ |
(0.03 |
) |
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$ |
(0.10 |
) |
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$ |
(0.07 |
) |
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$ |
(1.10 |
) |
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