Earnings Per Share

12 Months Ended

Dec. 31, 2019

Earnings Per Share [Abstract]

Earnings Per Share [Text Block]

Note 11 – Earnings Per Share

The following table summarizes earnings per share calculations for the years ended December 31, 2019, 2018 and 2017:

		2019		2018		2017
Basic earnings per common share
	Net income attributable to Quaker Chemical Corporation	$	31,622	$	59,473	$	20,278
	Less: income allocated to participating securities		(90)		(253)		(137)
	Net income available to common shareholders	$	31,532	$	59,220	$	20,141
	Basic weighted average common shares outstanding		15,126,928		13,268,047		13,204,872
Basic earnings per common share		$	2.08	$	4.46	$	1.53
Diluted earnings per common share
	Net income attributable to Quaker Chemical Corporation	$	31,622	$	59,473	$	20,278
	Less: income allocated to participating securities		(90)		(252)		(137)
	Net income available to common shareholders	$	31,532	$	59,221	$	20,141
	Basic weighted average common shares outstanding		15,126,928		13,268,047		13,204,872
	Effect of dilutive securities		36,243		36,685		41,074
	Diluted weighted average common shares outstanding		15,163,171		13,304,732		13,245,946
Diluted earnings per common share		$	2.08	$	4.45	$	1.52

The Company’s calculation of earnings per diluted share attributable to Quaker Chemical Corporation common shareholders for the year ended December 31, 2019 was impacted by the variability of its reported earnings and the approximately 4.3 million share issuance in connection with closing the Combination, comprising approximately 24.5% of the common stock of the Company as of December 31, 2019. Certain stock options and restricted stock units are not included in the diluted earnings per share calculation since the effect would have been anti-dilutive. The calculated amount of anti-diluted shares not included were 108 in 2019, 1,808 in 2018 and 3,671 in 2017.