Earnings Per Share

9 Months Ended

Sep. 30, 2022

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 nine months ended September 30, 2022 and

2021:

Three Months Ended 

Nine Months Ended

September 30, 

September 30, 

2022

2021

2022

2021

Basic earnings per common share

Net income attributable to Quaker Chemical Corporation

$

25,867

$

31,058

$

60,026

$

103,243

Less: income allocated to participating securities

(115)

(119)

(250)

(413)

Net income available to common shareholders

$

25,752

$

30,939

$

59,776

$

102,830

Basic weighted average common shares outstanding

17,847,305

17,812,216

17,835,976

17,800,082

Basic earnings per common share

$

1.44

$

1.74

$

3.35

$

5.78

Diluted earnings per common share

Net income attributable to Quaker Chemical Corporation

$

25,867

$

31,058

$

60,026

$

103,243

Less: income allocated to participating securities

(115)

(119)

(250)

(412)

Net income available to common shareholders

$

25,752

$

30,939

$

59,776

$

102,831

Basic weighted average common shares outstanding

17,847,305

17,812,216

17,835,976

17,800,082

Effect of dilutive securities

12,566

58,176

15,465

59,986

Diluted weighted average common shares outstanding

17,859,871

17,870,392

17,851,441

17,860,068

Diluted earnings per common share

$

1.44

$

1.73

$

3.35

$

5.76

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

25,896

 and

24,618

 for the three

and nine months ended September 30, 2022, respectively, and

5,531

 and

3,722

 for the three and nine months ended September 30,

2021, respectively.