Earnings Per Share

9 Months Ended

Sep. 30, 2011

13. Earnings Per Share

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


	Three months ended					Nine months ended
	September 30,					September 30,
	2011		2010			2011		2010
	(In thousands, except per share amounts)
Basic earnings (loss) per share computation:
Net income (loss) attributable to Ferro Corporation common shareholders	$	18,182	$	(3,510	)	$	60,296	$	3,192
Weighted-average common shares outstanding		86,169		85,805			86,101		85,808
Basic earnings (loss) per share attributable to Ferro Corporation common shareholders	$	0.21	$	(0.04	)	$	0.70	$	0.04

Diluted earnings (loss) per share computation:
Net income (loss) attributable to Ferro Corporation common shareholders	$	18,182	$	(3,510	)	$	60,296	$	3,192
Plus: Convertible preferred stock dividends, net of tax		—		—			103		—

Total	$	18,182	$	(3,510	)	$	60,399	$	3,192


Weighted-average common shares outstanding		86,169		85,805			86,101		85,808
Assumed exercise of stock options		188		—			255		330
Assumed satisfaction of deferred stock unit conditions		38		—			46		77
Assumed satisfaction of restricted share conditions		402		—			389		324
Assumed conversion of convertible notes		—		—			—		—
Assumed conversion of convertible preferred stock		—		—			176		—

Weighted-average diluted shares outstanding		86,797		85,805			86,967		86,539


Diluted earnings (loss) per share attributable to Ferro Corporation common shareholders	$	0.21	$	(0.04	)	$	0.69	$	0.04

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 nine months ended September 30, 2011, and 8.9 million and 8.0 million common shares for the three and nine months ended September 30, 2010, respectively.