Earnings Per Share

6 Months Ended

Jun. 30, 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 and six months ended June 30, 2020 and 2019:

Three Months Ended 

Six Months Ended

June 30,

June 30,

2020

2019

2020

2019

Basic (loss) earnings per common share

Net (loss) income attributable to Quaker Chemical Corporation

$ 

(7,735)

$

15,591

$ 

(36,116)

$

29,435

Less: loss (income) allocated to participating securities

37

(34)

146

(81)

Net (loss) income available to common shareholders

$ 

(7,698)

$

15,557

$ 

(35,970)

$

29,354

Basic weighted average common shares outstanding

17,697,496

13,304,248

17,685,010

13,297,953

Basic (loss) earnings per common share

$

(0.43)

$

1.17

$

(2.03)

$

2.21

Diluted (loss) earnings per common share

Net (loss) income attributable to Quaker Chemical Corporation

$

(7,735)

$

15,591

$ 

(36,116)

$

29,435

Less: loss (income) allocated to participating securities

37

(34)

146

(81)

Net (loss) income available to common shareholders

$

(7,698)

$

15,557

$

(35,970)

$

29,354

Basic weighted average common shares outstanding

17,697,496

13,304,248

17,685,010

13,297,953

Effect of dilutive securities

—

48,007

—

47,362

Diluted weighted average common shares outstanding

17,697,496

13,352,255

17,685,010

13,345,315

Diluted (loss) earnings per common share

$

(0.43)

$

1.17

$

(2.03)

$

2.20

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 because the effect

would have been anti-dilutive. All of the Company’s potentially dilutive shares for the three and six months ended June 30, 2020 are

anti-dilutive and not included in the dilutive (loss) earnings per share calculation because of the Company’s net loss for the periods. 

Comparatively, there were

no

 anti-dilutive shares for the three and six months ended June 30, 2019.