Earnings Per Share

12 Months Ended

Dec. 31, 2020

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, 2020, 2019 and 2018:

2020

2019

2018

Basic earnings per common share

Net income attributable to Quaker Chemical Corporation

$ 

39,658

$ 

31,622

$ 

59,473

Less: income allocated to participating securities

(148)

(90)

(253)

Net income available to common shareholders

$ 

39,510

$

31,532

$

59,220

Basic weighted average common shares outstanding

17,719,792

15,126,928

13,268,047

Basic earnings per common share

$

2.23

$

2.08

$

4.46

Diluted earnings per common share

Net income attributable to Quaker Chemical Corporation

$

39,658

$

31,622

$

59,473

Less: income allocated to participating securities

(148)

(90)

(252)

Net income available to common shareholders

$

39,510

$

31,532

$

59,221

Basic weighted average common shares outstanding

17,719,792

15,126,928

13,268,047

Effect of dilutive securities

31,087

36,243

36,685

Diluted weighted average common shares outstanding

17,750,879

15,163,171

13,304,732

Diluted earnings per common share

$

2.22

$

2.08

$

4.45

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 during the year and the approximately

4.3

million shares issued as a component of the consideration transferred in the Combination, comprising

24.5

% of the common stock of

the Company immediately after the closing. Certain stock options and restricted stock units are not included in the diluted earnings

per share calculation because the effect would have been anti-dilutive. The calculated amount of anti-diluted shares not included were

945

 in 2020,

108

 in 2019 and

1,808

 in 2018.