Earnings Per Share

3 Months Ended

Mar. 31, 2018

15. Earnings Per Share

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



	Three Months Ended
	March 31,
	2018		2017
	(Dollars in thousands, except per share amounts)
Basic earnings per share computation:
Net income attributable to Ferro Corporation common shareholders	$	23,391	$	21,898
Weighted-average common shares outstanding		84,228		83,530
Basic earnings per share attributable to Ferro Corporation common shareholders	$	0.28	$	0.26
Diluted earnings per share computation:
Net income attributable to Ferro Corporation common shareholders	$	23,391	$	21,898
Weighted-average common shares outstanding		84,228		83,530
Assumed exercise of stock options		839		516
Assumed satisfaction of restricted stock unit conditions		279		574
Assumed satisfaction of performance stock unit conditions		164		268
Weighted-average diluted shares outstanding		85,510		84,888
Diluted earnings per share attributable to Ferro Corporation common shareholders	$	0.27	$	0.26

The number of anti-dilutive or unearned shares was 1.7 million for the three months ended March 31, 2018, and 2.1 million for the three months ended March 31, 2017. These shares were excluded from the calculation of diluted earnings per share due to their anti-dilutive impact.