Earnings Per Share

3 Months Ended

Mar. 31, 2021

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, 2021 and 2020:

Three Months Ended

March 31, 

2021

2020

Basic earnings (loss) per common share

Net income (loss) attributable to Quaker Chemical Corporation

$

38,615

$

(28,381)

Less: (income) loss allocated to participating securities

(154)

101

Net income (loss) available to common shareholders

$ 

38,461

$

(28,280)

Basic weighted average common shares outstanding

17,785,370

17,672,525

Basic earnings (loss) per common share

$

2.16

$

(1.60)

Diluted earnings (loss) per common share

Net income (loss) attributable to Quaker Chemical Corporation

$

38,615

$

(28,381)

Less: (income) loss allocated to participating securities

(154)

101

Net income (loss) available to common shareholders

$

38,461

$

(28,280)

Basic weighted average common shares outstanding

17,785,370

17,672,525

Effect of dilutive securities

70,607

—

Diluted weighted average common shares outstanding

17,855,977

17,672,525

Diluted earnings (loss) per common share

$

2.15

$

(1.60)

Certain stock options and restricted stock units are not included in the diluted earnings (loss) per share calculation when the effect

would have been anti-dilutive. The calculated amount of anti-diluted shares not included was 2,083 for the three months ended March

31, 2021. 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 per share calculations because of the Company’s net loss during the period.