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Earnings per Share
 6 Months Ended
Jun. 30, 2016
Earnings Per Share [Abstract]  
Earnings per Share
Earnings per Share
Basic earnings per share attributable to MSA Safety Incorporated common shareholders is computed by dividing net income, after the deduction of preferred stock dividends and undistributed earnings allocated to participating securities, by the weighted average number of common shares outstanding during the period. Diluted earnings per share attributable to MSA Safety Incorporated common shareholders assumes the issuance of common stock for all potentially dilutive share equivalents outstanding not classified as participating securities. Participating securities are defined as unvested stock-based payment awards that contain nonforfeitable rights to dividends.
Amounts attributable to MSA Safety Incorporated common shareholders:
 
Three Months Ended June 30,
 
Six Months Ended June 30,
(In thousands, except per share amounts)
 
2016
 
2015
 
2016
 
2015
Net income attributable to continuing operations
 
$
29,306

 
$
23,722

 
$
41,989

 
$
33,038

Preferred stock dividends
 
(9
)
 
(10
)
 
(19
)
 
(20
)
Income from continuing operations available to common equity
 
29,297

 
23,712

 
41,970

 
33,018

Dividends and undistributed earnings allocated to participating securities
 
(48
)
 
(68
)
 
(67
)
 
(96
)
Income from continuing operations available to common shareholders
 
29,249

 
23,644

 
41,903

 
32,922

 
 
 
 
 
 
 
 
 
Net income attributable to discontinued operations
 
$
1,777

 
$
576

 
$
845

 
$
942

Preferred stock dividends
 
(1
)
 
—

 
(1
)
 
—

Income from discontinued operations available to common equity
 
1,776

 
576

 
844

 
942

Dividends and undistributed earnings allocated to participating securities
 
(3
)
 
(2
)
 
(2
)
 
(3
)
Income from discontinued operations available to common shareholders
 
1,773

 
574

 
842

 
939

 
 
 
 
 
 
 
 
 
Basic weighted-average shares outstanding
 
37,411

 
37,351

 
37,368

 
37,323

Stock options and other stock compensation
 
449

 
475

 
439

 
484

Diluted weighted-average shares outstanding
 
37,860

 
37,826

 
37,807

 
37,807

Antidilutive stock options
 
143

 
492

 
143

 
492

 
 
 
 
 
 
 
 
 
Earnings per share attributable to continuing operations:
 
 
 
 
 
 
 
 
Basic
 
$
0.78

 
$
0.63

 
$
1.12

 
$
0.88

Diluted
 
$
0.77

 
$
0.62

 
$
1.11

 
$
0.87

 
 
 
 
 
 
 
 
 
Earnings per share attributable to discontinued operations:
 
 
 
 
 
 
 
 
Basic
 
$
0.05

 
$
0.02

 
$
0.02

 
$
0.03

Diluted
 
$
0.05

 
$
0.01

 
$
0.02

 
$
0.03