Earnings Per Share

12 Months Ended

Dec. 31, 2019

Earnings Per Share [Abstract]

Earnings Per Share

18. Earnings per Share

Details of the calculations of basic and diluted earnings per share follow:

	2019		2018		2017
	(Dollars in thousands, except per share amounts)
Basic earnings per share computation:
Income from continuing operations	$	35,392	$	56,920	$	36,902
Less: Net income attributable to noncontrolling interests from continuing operations		1,087		851		704
Net income attributable to Ferro Corporation from continuing operations		34,305		56,069		36,198
Income (loss) from discontinued operations, net of income taxes		(27,977)		24,026		20,866
Less: Net income attributable to noncontrolling interests from discontinued operations		290		2		10
Net income attributable to Ferro Corporation from discontinued operations		(28,267)		24,024		20,856
Total	$	6,038	$	80,093	$	57,054
Weighted-average common shares outstanding		82,083		83,940		83,713
Basic earnings per share from continuing operations attributable to Ferro Corporation common shareholders	$	0.41	$	0.67	$	0.43
Diluted earnings per share computation:
Net income attributable to Ferro Corporation common shareholders	$	34,305	$	56,069	$	36,198
Adjustment for income from discontinued operations		(28,267)		24,024		20,856
Total	$	6,038	$	80,093	$	57,054
Weighted-average common shares outstanding		82,083		83,940		83,713
Assumed exercise of stock options		407		772		762
Assumed satisfaction of restricted stock unit conditions		369		301		351
Assumed satisfaction of performance stock unit conditions		32		72		330
Weighted-average diluted shares outstanding		82,891		85,085		85,156
Diluted earnings per share from continuing operations attributable to Ferro Corporation common shareholders	$	0.41	$	0.66	$	0.43

The number of anti-dilutive shares were 2.1 million, 1.7 million, and 1.6 million for 2019, 2018, and 2017, respectively. These shares were excluded from the calculation of diluted earnings per share due to their anti-dilutive impact.