Earnings Per Share

6 Months Ended

Jun. 30, 2012

Earnings Per Share [Abstract]

Earnings Per Share [Text Block]

Note 7 – Earnings Per Share

The Company follows FASB's guidance regarding the calculation of earnings per share (“EPS”) for nonvested stock awards with rights to non-forfeitable dividends. The guidance requires nonvested stock awards with rights to non-forfeitable dividends to be included as part of the basic weighted average share calculation under the two-class method.

The following table summarizes EPS calculations:

		Three Months Ended				Six Months Ended
			June 30,				June 30,
		2012		2011		2012		2011
Basic earnings per common share
	Net income attributable to Quaker Chemical Corporation	$	10,540	$	9,841	$	22,486	$	20,441
	Less: income allocated to participating securities		(101)		(182)		(289)		(384)
	Net income available to common shareholders	$	10,439	$	9,659	$	22,197	$	20,057
	Basic weighted average common shares outstanding		12,850,917		12,043,858		12,790,799		11,668,657
Basic earnings per common share		$	0.81	$	0.80	$	1.74	$	1.72
Diluted earnings per common share
	Net income attributable to Quaker Chemical Corporation	$	10,540	$	9,841	$	22,486	$	20,441
	Less: income allocated to participating securities		(100)		(180)		(288)		(380)
	Net income available to common shareholders	$	10,440	$	9,661	$	22,198	$	20,061
	Basic weighted average common shares outstanding		12,850,917		12,043,858		12,790,799		11,668,657
	Effect of dilutive securities, employee stock options		80,913		174,919		88,838		175,905
	Diluted weighted average common shares outstanding		12,931,830		12,218,777		12,879,637		11,844,562
Diluted earnings per common share		$	0.81	$	0.79	$	1.72	$	1.69

The following number of stock options are not included in diluted earnings per share since the effect would have been anti-dilutive: 9,917 and 8,209 for the three months ended June 30, 2012 and June 30, 2011, and 7,859 and 10,208 for the six months endedJune 30, 2012 and June 30, 2011, respectively.