Annual report pursuant to Section 13 and 15(d)

Earnings per Share (Tables)

v3.24.0.1
Earnings per Share (Tables)
 12 Months Ended
Dec. 31, 2023
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:
Years ended
December 31,
2023 2022 2021
Weighted average shares outstanding – Basic 118,367,214  133,601,322  136,167,384 
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 1,120,495 1,486,850 1,541,547
Weighted average shares outstanding – Diluted 119,487,709  135,088,172  137,708,931 
Schedule of Earnings Per Share, Basic and Diluted
Basic and diluted income (loss) per share are calculated as follows:
Years ended
December 31,
2023 2022 2021
Numerator:
Income from continuing operations attributable to Ecovyst Inc. $ 71,154  $ 69,795  $ 1,794 
Income (loss) from discontinued operations attributable to Ecovyst Inc. —  3,902  (141,743)
Net income (loss) attributable to Ecovyst Inc. $ 71,154  $ 73,697  $ (139,949)
Denominator:
Weighted average shares outstanding – Basic 118,367,214  133,601,322  136,167,384 
Weighted average shares outstanding – Diluted 119,487,709  135,088,172  137,708,931 
Net income (loss) per share:
Basic income per share - continuing operations $ 0.60  $ 0.52  $ 0.01 
Diluted income per share - continuing operations $ 0.60  $ 0.52  $ 0.01 
Basic income (loss) per share - discontinued operations $ —  $ 0.03  $ (1.04)
Diluted income (loss) per share - discontinued operations $ —  $ 0.03  $ (1.03)
Basic income (loss) per share $ 0.60  $ 0.55  $ (1.03)
Diluted income (loss) per share $ 0.60  $ 0.55  $ (1.02)
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 year that were excluded from the calculation of diluted earnings per share:
Years ended
December 31,
2023 2022 2021
Restricted stock awards with performance only targets not yet achieved —  539,688  839,432 
Stock options with performance only targets not yet achieved 51,526  309,984  373,105 
Anti-dilutive restricted stock units and performance stock units 286,729  20,497  6,214 
Anti-dilutive stock options 508,623  776,594  244,473