XML 48 R17.htm IDEA: XBRL DOCUMENT v3.20.1
Earnings per Share
 3 Months Ended
Mar. 31, 2020
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 March 31,
(In thousands, except per share amounts)
 
2020
 
2019
Net income
 
$
43,674

 
$
23,232

Preferred stock dividends
 
(10
)
 
(10
)
Net income available to common equity
 
43,664

 
23,222

Dividends and undistributed earnings allocated to participating securities
 
(33
)
 
(22
)
Net income available to common shareholders
 
43,631

 
23,200

 
 
 
 
 
Basic weighted-average shares outstanding
 
38,824

 
38,536

Stock options and other stock compensation
 
528

 
548

Diluted weighted-average shares outstanding
 
39,352

 
39,084

Antidilutive stock options
 
—

 
—

 
 
 
 
 
Earnings per share:
 
 
 
 
Basic
 
$
1.12

 
$
0.60

Diluted
 
$
1.11

 
$
0.59