Earnings Per Share

6 Months Ended

Jun. 30, 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 and six months ended June 30, 2021 and 2020:

Three Months Ended 

Six Months Ended

June 30, 

June 30, 

2021

2020

2021

2020

Basic earnings (loss) per common share

Net income (loss) attributable to Quaker Chemical Corporation

$ 

33,570

$

(7,735)

$ 

72,185

$

(36,116)

Less: (income) loss allocated to participating securities

(134)

37

(287)

146

Net income (loss) available to common shareholders

$ 

33,436

$

(7,698)

$ 

71,898

$

(35,970)

Basic weighted average common shares outstanding

17,802,366

17,697,496

17,793,915

17,685,010

Basic earnings (loss) per common share

$

1.88

$

(0.43)

$

4.04

$

(2.03)

Diluted earnings (loss) per common share

Net income (loss) attributable to Quaker Chemical Corporation

$

33,570

$

(7,735)

$ 

72,185

$

(36,116)

Less: (income) loss allocated to participating securities

(134)

37

(287)

146

Net income (loss) available to common shareholders

$

33,436

$

(7,698)

$

71,898

$

(35,970)

Basic weighted average common shares outstanding

17,802,366

17,697,496

17,793,915

17,685,010

Effect of dilutive securities

47,155

—

52,095

—

Diluted weighted average common shares outstanding

17,849,521

17,697,496

17,846,010

17,685,010

Diluted earnings (loss) per common share

$

1.88

$

(0.43)

$

4.03

$

(2.03)

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

6,793

 and

2,952

 for the three and six

months ended June 30, 2021, respectively. 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 per share calculations because of the Company’s net loss during the

periods.