Earnings per Share

12 Months Ended

Dec. 31, 2022

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:
(In thousands, except per share amounts)	2022		2021		2020
Net income	$	179,630	$	21,340	$	124,077
Preferred stock dividends	(41)		(41)		(41)
Net income available to common equity	179,589		21,299		124,036
Dividends and undistributed earnings allocated to participating securities	(30)		(24)		(84)
Net income available to common shareholders	$	179,559	$	21,275	$	123,952







Basic weighted-average shares outstanding	39,232		39,173		38,885
Stock options and other stock-based awards	175		276		401
Diluted weighted-average shares outstanding	39,407		39,449		39,286
Antidilutive stock options	—		—		—

Earnings per share:
Basic	$	4.58	$	0.54	$	3.19
Diluted	$	4.56	$	0.54	$	3.15