Earnings per Share

12 Months Ended

Dec. 31, 2023

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:
(In thousands, except per share amounts)	2023		2022		2021
Net income	$	58,583	$	179,630	$	21,340
Preferred stock dividends	(41)		(41)		(41)
Net income available to common equity	58,542		179,589		21,299
Dividends and undistributed earnings allocated to participating securities	(26)		(30)		(24)
Net income available to common shareholders	$	58,516	$	179,559	$	21,275







Basic weighted-average shares outstanding	39,307		39,232		39,173
Stock options and other stock-based awards	166		175		276
Diluted weighted-average shares outstanding	39,473		39,407		39,449
Antidilutive stock-based awards	—		—		—

Earnings per share:
Basic	$	1.49	$	4.58	$	0.54
Diluted	$	1.48	$	4.56	$	0.54