Earnings Per Share

9 Months Ended

Sep. 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 the EPS calculations:

		Three Months Ended				Nine Months Ended
			September 30,				September 30,
		2012		2011		2012		2011
Basic earnings per common share
	Net income attributable to Quaker Chemical Corporation	$	10,486	$	13,358	$	32,972	$	33,799
	Less: income allocated to participating securities		(99)		(224)		(386)		(611)
	Net income available to common shareholders	$	10,387	$	13,134	$	32,586	$	33,188
	Basic weighted average common shares outstanding		12,937,417		12,621,459		12,840,029		11,989,748
Basic earnings per common share		$	0.80	$	1.04	$	2.54	$	2.77
Diluted earnings per common share
	Net income attributable to Quaker Chemical Corporation	$	10,486	$	13,358	$	32,972	$	33,799
	Less: income allocated to participating securities		(99)		(222)		(384)		(604)
	Net income available to common shareholders	$	10,387	$	13,136	$	32,588	$	33,195
	Basic weighted average common shares outstanding		12,937,417		12,621,459		12,840,029		11,989,748
	Effect of dilutive securities		33,892		148,919		70,265		166,787
	Diluted weighted average common shares outstanding		12,971,309		12,770,378		12,910,294		12,156,535
Diluted earnings per common share		$	0.80	$	1.03	$	2.52	$	2.73

The following number of stock options are not included in diluted earnings per share since the effect would have been anti-dilutive: 4,537 and 15,740 for the three months ended September 30, 2012 and September 30, 2011, and 6,386 and 11,356 for the nine months endedSeptember 30, 2012 and September 30, 2011, respectively.