Earnings per Share (Tables)
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9 Months Ended |
Sep. 30, 2018 |
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| Earnings Per Share [Abstract] |
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| 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:
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Three months ended
September 30, |
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Nine months ended
September 30, |
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2018 |
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2017 |
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2018 |
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2017 |
Weighted average shares outstanding – Basic |
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133,336,352 |
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104,096,837 |
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133,237,653 |
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104,020,180 |
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Dilutive effect of unvested common shares and restricted stock units with service conditions and assumed stock option exercises and conversions |
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1,239,810 |
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— |
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985,975 |
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— |
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Weighted average shares outstanding – Diluted |
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134,576,162 |
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104,096,837 |
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134,223,628 |
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104,020,180 |
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| Schedule of Earnings Per Share, Basic and Diluted |
Basic and diluted earnings per share are calculated as follows:
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Three months ended
September 30, |
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Nine months ended
September 30, |
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2018 |
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2017 |
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2018 |
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2017 |
Numerator: |
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Net income (loss) attributable to PQ Group Holdings Inc. |
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$ |
14,185 |
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$ |
(3,345 |
) |
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$ |
30,181 |
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$ |
(7,408 |
) |
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Denominator: |
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Weighted average shares outstanding – Basic |
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133,336,352 |
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104,096,837 |
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133,237,653 |
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104,020,180 |
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Weighted average shares outstanding – Diluted |
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134,576,162 |
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104,096,837 |
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134,223,628 |
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104,020,180 |
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Net income (loss) per share: |
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Basic income (loss) per share |
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$ |
0.11 |
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$ |
(0.03 |
) |
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$ |
0.23 |
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$ |
(0.07 |
) |
Diluted income (loss) per share |
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$ |
0.11 |
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$ |
(0.03 |
) |
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$ |
0.22 |
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$ |
(0.07 |
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| Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share |
The table below presents the details of the Company’s equity-based awards outstanding at the end of each respective period that were excluded from the calculation of diluted earnings per share:
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September 30, |
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2018 |
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2017 |
Restricted stock awards with performance only targets not yet achieved |
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1,659,050 |
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1,769,447 |
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Stock options with performance only targets not yet achieved |
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586,253 |
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586,253 |
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Anti-dilutive restricted stock awards and restricted stock units |
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— |
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340,380 |
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Anti-dilutive stock options |
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— |
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1,539,266 |
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