Earnings per Share

3 Months Ended

Mar. 31, 2021

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 compensation 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)	2021		2020
Net income	$	36,414	$	43,674
Preferred stock dividends	(10)		(10)
Net income available to common equity	36,404		43,664
Dividends and undistributed earnings allocated to participating securities	(14)		(33)
Net income available to common shareholders	36,390		43,631

Basic weighted-average shares outstanding	39,094		38,824
Stock-based compensation awards	326		528
Diluted weighted-average shares outstanding	39,420		39,352
Antidilutive stock options	—		—

Earnings per share:
Basic	$	0.93	$	1.12
Diluted	$	0.92	$	1.11