Earnings Per Share

12 Months Ended

Dec. 31, 2021

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, 2021, 2020 and 2019:

2021

2020

2019

Basic earnings per common share

Net income attributable to Quaker Chemical Corporation

$ 

121,369

$ 

39,658

$ 

31,622

Less: income allocated to participating securities

(480)

(148)

(90)

Net income available to common shareholders

$ 

120,889

$

39,510

$

31,532

Basic weighted average common shares outstanding

17,805,034

17,719,792

15,126,928

Basic earnings per common share

$

6.79

$

2.23

$

2.08

Diluted earnings per common share

Net income attributable to Quaker Chemical Corporation

$

121,369

$

39,658

$

31,622

Less: income allocated to participating securities

(479)

(148)

(90)

Net income available to common shareholders

$

120,890

$

39,510

$

31,532

Basic weighted average common shares outstanding

17,805,034

17,719,792

15,126,928

Effect of dilutive securities

50,090

31,087

36,243

Diluted weighted average common shares outstanding

17,855,124

17,750,879

15,163,171

Diluted earnings per common share

$

6.77

$

2.22

$

2.08

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, restricted stock units and PSUs are not included in the diluted

earnings per share calculation when the effect would have been anti-dilutive. The calculated amount of anti-diluted shares not

included were

4,070

 in 2021,

945

 in 2020 and

108

 in 2019.