Annual report pursuant to Section 13 and 15(d)

Earnings per Share (Tables)

v3.10.0.1
Earnings per Share (Tables)
 12 Months Ended
Dec. 31, 2018
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,
 
 
2018
 
2017
 
2016
Weighted average shares outstanding – Basic
 
133,380,567

 
111,299,670

 
78,016,005

Dilutive effect of unvested common shares and restricted stock units with service conditions and assumed stock option exercises and conversions
 
1,304,364

 
369,367

 
—

Weighted average shares outstanding – Diluted
 
134,684,931

 
111,669,037

 
78,016,005

 
 
 
 
 
 
 
Schedule of Earnings Per Share, Basic and Diluted
Basic and diluted earnings per share are calculated as follows:
 
 
Years ended
December 31,
 
 
2018
 
2017
 
2016
Numerator:
 
 
 
 
 
 
Net income (loss) attributable to PQ Group Holdings Inc.
 
$
58,300

 
$
57,603

 
$
(79,746
)
 
 
 
 
 
 
 
Denominator:
 
 
 
 
 
 
Weighted average shares outstanding – Basic
 
133,380,567

 
111,299,670

 
78,016,005

Weighted average shares outstanding – Diluted
 
134,684,931

 
111,669,037

 
78,016,005

Net income (loss) per share:
 
 
 
 
 
 
Basic income (loss) per share
 
$
0.44

 
$
0.52

 
$
(1.02
)
Diluted income (loss) per share
 
$
0.43

 
$
0.52

 
$
(1.02
)
 
 
 
 
 
 
 
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 year that were excluded from the calculation of diluted earnings per share:
 
 
December 31,
 
 
2018
 
2017
 
2016
Restricted stock awards with performance only targets not yet achieved
 
1,643,760

 
1,769,447

 
1,731,522

Stock options with performance only targets not yet achieved
 
586,253

 
586,523

 
417,086

Anti-dilutive restricted stock awards and restricted stock units
 
10,296

 
—

 
751,410

Anti-dilutive stock options
 
863,063

 
621,747

 
1,381,352