Earnings per Share

3 Months Ended

Mar. 31, 2020

Earnings Per Share [Abstract]

Earnings per Share

6. Earnings per Share

The table below shows the computation of basic and diluted earnings per share for the three months ended March 31, 2020 and 2019, respectively:  

	Three Months Ended March 31,
	2020			2019
	(in thousands, except per share data)
Numerators:
Net loss attributable to Covia Holdings Corporation	$	(941	)	$	(52,245	)
Denominator:
Basic weighted average shares outstanding		131,850			131,287
Dilutive effect of employee stock options and RSUs		-			-
Diluted weighted average shares outstanding		131,850			131,287
Earnings (loss) per share – basic		(0.01	)		(0.40	)
Earnings (loss) per share – diluted	$	(0.01	)	$	(0.40	)

The calculation of diluted weighted average shares outstanding for the three months ended March 31, 2020 and 2019 excludes 3.3 million and 2.9 million potential shares of common stock, respectively.  These potential shares of common stock are excluded from the calculations of diluted weighted average shares outstanding because the effect of including these potential shares of common stock would be antidilutive.  

The dilutive effect of 0.4 million and 0.3 million shares in the three months ended March 31, 2020 and 2019, respectively, was omitted from the calculation of diluted weighted average shares outstanding and diluted earnings per share because we were in a loss position in those periods.