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Earnings per Share (Tables)
9 Months Ended
Sep. 30, 2017
Earnings Per Share [Abstract]  
Schedule Of Net Income Attributable To Common Stockholders
Diluted earnings per share include the effect of certain stock options.
 
 
Three Months Ended September 30,
 
Nine Months Ended September 30,
 
 
2017
 
2016
 
2017
 
2016
Net income attributable to Westlake Chemical
   Corporation
 
$
210,832

 
$
65,662

 
$
501,849

 
$
299,914

Less:
 
 
 
 
 
 
 
 
Net income attributable to participating securities
 
(1,117
)
 
(294
)
 
(2,630
)
 
(1,347
)
Net income attributable to common shareholders
 
$
209,715

 
$
65,368

 
$
499,219

 
$
298,567

Reconciliation Of Denominator For Basic And Diluted Earnings Per Share
The following table reconciles the denominator for the basic and diluted earnings per share computations shown in the consolidated statements of operations:
 
 
Three Months Ended September 30,
 
Nine Months Ended September 30,
 
 
2017
 
2016
 
2017
 
2016
Weighted average common shares—basic
 
129,069,186

 
128,793,661

 
129,033,597

 
129,519,577

Plus incremental shares from:
 
 
 
 
 
 
 
 
Assumed exercise of options
 
819,782

 
586,295

 
756,368

 
584,320

Weighted average common shares—diluted
 
129,888,968

 
129,379,956

 
129,789,965

 
130,103,897

 
 
 
 
 
 
 
 
 
Earnings per common share attributable to
   Westlake Chemical Corporation:
 
 
 
 
 
 
 
 
Basic
 
$
1.62

 
$
0.51

 
$
3.87

 
$
2.31

Diluted
 
$
1.61

 
$
0.51

 
$
3.85

 
$
2.29