Earnings Per Share

12 Months Ended

Dec. 31, 2020

18. Earnings per Share

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



(Dollars in thousands, except per share amounts)	2020		2019		2018
Basic earnings per share computation:
Income from continuing operations	$	30,040	$	34,826	$	56,050
Less: Net income attributable to noncontrolling interests from continuing operations		1,073		1,087		851
Net income attributable to Ferro Corporation from continuing operations		28,967		33,739		55,199
Income (loss) from discontinued operations, net of income taxes		14,003		(27,411)		24,896
Less: Net income attributable to noncontrolling interests from discontinued operations		171		290		2
Net income attributable to Ferro Corporation from discontinued operations		13,832		(27,701)		24,894
Total	$	42,799	$	6,038	$	80,093
Weighted-average common shares outstanding		82,232		82,083		83,940
Basic earnings per share from continuing operations attributable to Ferro Corporation common shareholders	$	0.35	$	0.41	$	0.66
Diluted earnings per share computation:
Net income attributable to Ferro Corporation common shareholders	$	28,967	$	33,739	$	55,199
Adjustment for income from discontinued operations		13,832		(27,701)		24,894
Total	$	42,799	$	6,038	$	80,093
Weighted-average common shares outstanding		82,232		82,083		83,940
Assumed exercise of stock options		272		407		772
Assumed satisfaction of restricted stock unit conditions		362		369		301
Assumed satisfaction of performance stock unit conditions		158		32		72
Weighted-average diluted shares outstanding		83,024		82,891		85,085
Diluted earnings per share from continuing operations attributable to Ferro Corporation common shareholders	$	0.35	$	0.41	$	0.65

The number of anti-dilutive shares were 2.5 million, 2.1 million, and 1.7 million for 2020, 2019, and 2018, respectively. These shares were excluded from the calculation of diluted earnings per share due to their anti-dilutive impact.