Annual report pursuant to Section 13 and 15(d)

Earnings per Share (Tables)

v3.22.4
Earnings per Share (Tables)
 12 Months Ended
Dec. 31, 2022
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,
2022 2021 2020
Weighted average shares outstanding – Basic 133,601,322  136,167,384  135,528,977 
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 1,486,850 1,541,547 921,976
Weighted average shares outstanding – Diluted 135,088,172  137,708,931  136,450,953 
Schedule of Earnings Per Share, Basic and Diluted
Basic and diluted income (loss) per share are calculated as follows:
Years ended
December 31,
2022 2021 2020
Numerator:
Income from continuing operations attributable to Ecovyst Inc. $ 69,795  $ 1,794  $ 54,280 
Income (loss) from discontinued operations attributable to Ecovyst Inc. 3,902  (141,743) (333,051)
Net income (loss) attributable to Ecovyst Inc. $ 73,697  $ (139,949) $ (278,771)
Denominator:
Weighted average shares outstanding – Basic 133,601,322  136,167,384  135,528,977 
Weighted average shares outstanding – Diluted 135,088,172  137,708,931  136,450,953 
Net income (loss) per share:
Basic income per share - continuing operations $ 0.52  $ 0.01  $ 0.40 
Diluted income per share - continuing operations $ 0.52  $ 0.01  $ 0.40 
Basic (loss) income per share - discontinued operations $ 0.03  $ (1.04) $ (2.46)
Diluted (loss) income per share - discontinued operations $ 0.03  $ (1.03) $ (2.44)
Basic income (loss) per share $ 0.55  $ (1.03) $ (2.06)
Diluted income (loss) per share $ 0.55  $ (1.02) $ (2.04)
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,
2022 2021 2020
Restricted stock awards with performance only targets not yet achieved 539,688  839,432  1,225,855 
Stock options with performance only targets not yet achieved 309,984  373,105  507,461 
Anti-dilutive restricted stock awards, restricted stock units and performance stock units 20,497  6,214  1,453,120 
Anti-dilutive stock options 776,594  244,473  846,049