Earnings Per Share

6 Months Ended

Jun. 30, 2015

Earnings Per Share [Abstract]

Earnings Per Share

14.    Earnings Per Share

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

	Three Months Ended				Six Months Ended
	June 30,				June 30,
	2015		2014		2015		2014
	(Dollars in thousands, except per share amounts)
Basic earnings per share computation:
Net income attributable to Ferro Corporation common shareholders	$	6,599	$	9,959	$	17,569	$	27,164
Adjustment for loss (income) from discontinued operations		5,646		3,520		9,602		(3,064)
Total	$	12,245	$	13,479	$	27,171	$	24,100
Weighted-average common shares outstanding		87,264		86,936		87,189		86,857
Basic earnings per share from continuing operations attributable to Ferro Corporation common shareholders	$	0.14	$	0.15	$	0.31	$	0.28
Diluted earnings per share computation:
Net income attributable to Ferro Corporation common shareholders	$	6,599	$	9,959	$	17,569	$	27,164
Adjustment for loss (income) from discontinued operations		5,646		3,520		9,602		(3,064)
Total	$	12,245	$	13,479	$	27,171	$	24,100
Weighted-average common shares outstanding		87,264		86,936		87,189		86,857
Assumed exercise of stock options		552		522		547		544
Assumed satisfaction of deferred stock unit conditions		108		—		87		45
Assumed satisfaction of restricted stock unit conditions		300		207		264		222
Assumed satisfaction of performance stock unit conditions		576		650		569		625
Assumed satisfaction of restricted share conditions		—		—		—		16
Weighted-average diluted shares outstanding		88,800		88,315		88,656		88,309
Diluted earnings per share from continuing operations attributable to Ferro Corporation common shareholders	$	0.14	$	0.15	$	0.31	$	0.27

The number of anti-dilutive or unearned shares was 2.0 million and 2.1 million for the three and six months ended June 30, 2015, and 2.5 million for the three and six months ended June 30, 2014.  These shares were excluded from the calculation of diluted earnings per share due to their anti-dilutive impact.