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Earnings (Loss) per Share from Continuing Operations
12 Months Ended
Dec. 31, 2011
Earnings (Loss) per Share from Continuing Operations [Abstract]  
Earnings (Loss) per Share from Continuing Operations
17. Earnings (Loss) per Share from Continuing Operations

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

 

 

                         
    2011     2010     2009  
    (In thousands, except per share amounts)  

Basic earnings (loss) per share computation:

                       

Net income (loss) attributable to Ferro Corporation common shareholders

  $     31,472     $ 5,036     $ (43,621

Adjustment for loss (income) from discontinued operations

                325  

Total

  $ 31,472     $ 5,036     $ (43,296

Weighted-average common shares outstanding

    86,119       85,823            50,935  

Basic earnings (loss) per share from continuing operations

attributable to Ferro Corporation common shareholders

  $ 0.37     $ 0.06     $ (0.85
       

Diluted earnings (loss) per share computation:

                       

Net income (loss) attributable to Ferro Corporation common shareholders

  $ 31,472     $ 5,036     $ (43,621

Adjustment for loss (income) from discontinued operations

                325  

Plus: Convertible preferred stock

                 

Total

  $ 31,472     $ 5,036     $ (43,296

Weighted-average common shares outstanding

    86,119           85,823       50,935  

Assumed exercise of stock options

    225       319        

Assumed satisfaction of deferred stock unit conditions

    44       74        

Assumed satisfaction of restricted share conditions

    390       323        

Assumed conversion of convertible notes

                 

Assumed conversion of convertible preferred stock

                 

Weighted-average diluted shares outstanding

    86,778       86,539       50,935  

Diluted earnings (loss) per share from continuing operations

attributable to Ferro Corporation common shareholders

  $ 0.36     $ 0.06     $ (0.85

Anti-dilutive or unearned shares, including shares related to contingently convertible debt, were 5.2 million, 6.8 million and 13.6 million for 2011, 2010 and 2009, respectively.