Earnings Per Share

6 Months Ended

Jun. 30, 2011

Earnings Per Share [Abstract]

Earnings Per Share

13. Earnings Per Share

Details of the calculation of basic and diluted earnings per share attributable to Ferro Corporation common shareholders are shown below:

	Three months ended				Six months ended
	June 30,				June 30,
	2011		2010		2011		2010
	(In thousands, except per share amounts)
Basic earnings per share computation:
Net income attributable to Ferro Corporation common shareholders	$	19,389	$	6,935	$	42,114	$	6,702
Weighted-average common shares outstanding		86,159		85,783		86,067		85,809
Basic earnings per share attributable to Ferro Corporation common shareholders	$	0.23	$	0.08	$	0.49	$	0.08
Diluted earnings per share computation:
Net income attributable to Ferro Corporation common shareholders	$	19,389	$	6,935	$	42,114	$	6,702
Plus: Convertible preferred stock dividends, net of tax		—		—		103		—
Total	$	19,389	$	6,935	$	42,217	$	6,702
Weighted-average common shares outstanding		86,159		85,783		86,067		85,809
Assumed exercise of stock options		268		212		293		225
Assumed satisfaction of deferred stock unit conditions		38		88		51		71
Assumed satisfaction of restricted share conditions		403		347		383		325
Assumed conversion of convertible notes		—		—		—		—
Assumed conversion of convertible preferred stock		—		—		264		—
Weighted-average diluted shares outstanding		86,868		86,430		87,058		86,430
Diluted earnings per share attributable to Ferro Corporation common shareholders	$	0.22	$	0.08	$	0.48	$	0.08

Securities that could potentially dilute basic earnings per share in the future but were not included in the computation of diluted earnings per share because to do so would have been antidilutive represented 5.3 million common shares for the three and six months ended June 30, 2011, and 13.0 million common shares for the three and six months ended June 30, 2010.