Earnings per Share

12 Months Ended

Dec. 31, 2020

Basic earnings per share 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 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:
(In thousands, except per share amounts)	2020		2019		2018
Net income	$	120,101	$	136,440	$	124,150
Preferred stock dividends	(41)		(42)		(42)
Net income available to common equity	120,060		136,398		124,108
Dividends and undistributed earnings allocated to participating securities	(84)		(183)		(117)
Net income available to common shareholders	$	119,976	$	136,215	$	123,991







Basic weighted-average shares outstanding	38,885		38,653		38,362
Stock options and other stock compensation	401		536		599
Diluted weighted-average shares outstanding	39,286		39,189		38,961



Earnings per share:
Basic	$	3.09	$	3.52	$	3.23
Diluted	$	3.05	$	3.48	$	3.18