Earnings Per Share

3 Months Ended

Mar. 31, 2020

Earnings Per Share [Abstract]

Earnings Per Share [Text Block]

Note 12 – Earnings Per Share

The following table summarizes earnings per share calculations for the three months ended March 31, 2020 and 2019:

		Three Months Ended
		March 31,
		2020		2019
Basic (loss) earnings per common share
	Net (loss) income attributable to Quaker Chemical Corporation	$	(28,381)	$	13,844
	Less: loss (income) allocated to participating securities		101		(46)
	Net (loss) income available to common shareholders	$	(28,280)	$	13,798
	Basic weighted average common shares outstanding		17,672,525		13,291,589
Basic (loss) earnings per common share		$	(1.60)	$	1.04
Diluted (loss) earnings per common share
	Net (loss) income attributable to Quaker Chemical Corporation	$	(28,381)	$	13,844
	Less: loss (income) allocated to participating securities		101		(46)
	Net (loss) income available to common shareholders	$	(28,280)	$	13,798
	Basic weighted average common shares outstanding		17,672,525		13,291,589
	Effect of dilutive securities		—		46,901
	Diluted weighted average common shares outstanding		17,672,525		13,338,490
Diluted (loss) earnings per common share		$	(1.60)	$	1.03

During the third quarter of 2019, the Company issued approximately 4.3 million shares of common stock, comprising 24.5% of the common stock of the Company immediately after the closing, as a component of the consideration transferred in the Combination. Certain stock options and restricted stock units are not included in the diluted (loss) earnings per share calculation when the effect would have been anti-dilutive. All of the Company’s potentially dilutive shares for the three months ended March 31, 2020 are anti-dilutive and not included in the dilutive (loss) earnings per share calculations because of the Company’s net loss during the period. Additionally, there were no anti-dilutive shares for the three months ended March 31, 2019.