Annual report pursuant to Section 13 and 15(d)

Earnings per Share (Tables)

v3.19.3.a.u2
Earnings per Share (Tables)
 12 Months Ended
Dec. 31, 2019
Earnings Per Share [Abstract]  
Schedule of from Basic to Diluted Weighted Average Number of Shares Outstanding
The reconciliation from basic to diluted weighted average shares outstanding is as follows:
 
 
Years ended
December 31,
 
 
2019
 
2018
 
2017
Weighted average shares outstanding – Basic
 
134,389,667

 
133,380,567

 
111,299,670

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
 
1,159,027

 
1,304,364

 
369,367

Weighted average shares outstanding – Diluted
 
135,548,694

 
134,684,931

 
111,669,037

 
 
 
 
 
 
 
Schedule of Earnings Per Share, Basic and Diluted
Basic and diluted earnings per share are calculated as follows:
 
 
Years ended
December 31,
 
 
2019
 
2018
 
2017
Numerator:
 
 
 
 
 
 
Net income attributable to PQ Group Holdings Inc.
 
$
79,539

 
$
58,300

 
$
57,603

 
 
 
 
 
 
 
Denominator:
 
 
 
 
 
 
Weighted average shares outstanding – Basic
 
134,389,667

 
133,380,567

 
111,299,670

Weighted average shares outstanding – Diluted
 
135,548,694

 
134,684,931

 
111,669,037

Net income per share:
 
 
 
 
 
 
Basic income per share:
 
$
0.59

 
$
0.44

 
$
0.52

Diluted income per share:
 
$
0.59

 
$
0.43

 
$
0.52

 
 
 
 
 
 
 

Schedule of Antidilutive 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 year that were excluded from the calculation of diluted earnings per share:
 
 
Years ended
December 31,
 
 
2019
 
2018
 
2017
Restricted stock awards with performance only targets not yet achieved
 
1,584,980

 
1,643,760

 
1,769,447

Stock options with performance only targets not yet achieved
 
558,283

 
586,253

 
586,523

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

 
5,162

 
—

Anti-dilutive stock options
 
863,063

 
717,612

 
155,011