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Earnings Per Share
6 Months Ended
Jun. 30, 2018
Earnings Per Share [Abstract]  
Earnings Per Share

15.    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,



 

2018

 

2017

 

2018

 

2017



 

(Dollars in thousands, except per share amounts)

Basic earnings per share computation:

 

 

 

 

 

 

 

 

 

 

 

 

Net income attributable to Ferro Corporation common shareholders

 

$

29,668 

 

$

21,025 

 

$

53,059 

 

$

42,923 

Weighted-average common shares outstanding

 

 

84,341 

 

 

83,673 

 

 

84,284 

 

 

83,602 

Basic earnings per share attributable to Ferro Corporation common shareholders

 

$

0.35 

 

$

0.25 

 

$

0.63 

 

$

0.51 

Diluted earnings per share computation:

 

 

 

 

 

 

 

 

 

 

 

 

Net income attributable to Ferro Corporation common shareholders

 

$

29,668 

 

$

21,025 

 

$

53,059 

 

$

42,923 

Weighted-average common shares outstanding

 

 

84,341 

 

 

83,673 

 

 

84,284 

 

 

83,602 

Assumed exercise of stock options

 

 

791 

 

 

677 

 

 

818 

 

 

599 

Assumed satisfaction of restricted stock unit conditions

 

 

281 

 

 

425 

 

 

271 

 

 

376 

Assumed satisfaction of performance stock unit conditions

 

 

176 

 

 

502 

 

 

172 

 

 

503 

Weighted-average diluted shares outstanding

 

 

85,589 

 

 

85,277 

 

 

85,545 

 

 

85,080 

Diluted earnings per share attributable to Ferro Corporation common shareholders

 

$

0.35 

 

$

0.25 

 

$

0.62 

 

$

0.50 



The number of anti-dilutive or unearned shares was 1.7 million and 1.7 million for the three and six months ended June 30, 2018, respectively, and 1.8 million and 1.9 million for the three and six months ended June 30, 2017.  These shares were excluded from the calculation of diluted earnings per share due to their anti-dilutive impact.