Earnings Per Share

9 Months Ended

Sep. 30, 2020

16. Earnings Per Share

Details of the calculation of basic and diluted earnings per share are shown below:



	Three Months Ended				Nine Months Ended
	September 30,				September 30,
(Dollars in thousands, except per share amounts)	2020		2019		2020		2019
Basic earnings per share computation:
Income from continuing operations	$	9,547	$	16,730	$	23,533	$	36,892
Less: Net income attributable to noncontrolling interests from continuing operations		451		298		793		660
Net income attributable to Ferro Corporation from continuing operations		9,096		16,432		22,740		36,232
Income (loss) from discontinued operations, net of income taxes		5,367		(3,520)		2,350		1,305
Less: Net income attributable to noncontrolling interests from discontinued operations		(11)		92		33		242
Net income (loss) attributable to Ferro Corporation from discontinued operations		5,378		(3,612)		2,317		1,063
Total	$	14,474	$	12,820	$	25,057	$	37,295

Weighted-average common shares outstanding		82,261		81,942		82,201		82,118
Basic earnings per share from continuing operations attributable to Ferro Corporation common shareholders	$	0.11	$	0.20	$	0.28	$	0.44
Diluted earnings per share computation:
Net income attributable to Ferro Corporation from continuing operations	$	9,096	$	16,432	$	22,740	$	36,232
Net income (loss) attributable to Ferro Corporation from discontinued operations		5,378		(3,612)		2,317		1,063
Total	$	14,474	$	12,820	$	25,057	$	37,295

Weighted-average common shares outstanding		82,261		81,942		82,201		82,118
Assumed exercise of stock options		272		319		260		470
Assumed satisfaction of restricted stock unit conditions		157		143		300		232
Assumed satisfaction of performance share unit conditions		81		91		130		136
Weighted-average diluted shares outstanding		82,771		82,495		82,891		82,956
Diluted earnings per share from continuing operations attributable to Ferro Corporation common shareholders	$	0.11	$	0.20	$	0.27	$	0.44

The number of anti-dilutive shares were 2.8 million and 2.7 million for the three and nine months ended September 30, 2020, respectively, and 2.5 million and 2.2 million for the three and nine months ended September 30, 2019, respectively. These shares are excluded from the calculation of diluted earnings per share due to their anti-dilutive impact.