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Earnings per Share
 6 Months Ended
Jun. 30, 2017
Earnings Per Share [Abstract]  
Earnings per Share
Earnings per Share
Basic earnings per share attributable to MSA Safety Incorporated common shareholders is computed by dividing net income, after the deduction of preferred stock dividends and undistributed earnings allocated to participating securities, by the weighted average number of common shares outstanding during the period. Diluted earnings per share attributable to MSA Safety Incorporated common shareholders assumes the issuance of common stock for all potentially dilutive share equivalents outstanding not classified as participating securities. Participating securities are defined as unvested stock-based payment awards that contain nonforfeitable rights to dividends.
Amounts attributable to MSA Safety Incorporated common shareholders:
 
Three Months Ended June 30,
 
Six Months Ended June 30,
(In thousands, except per share amounts)
 
2017
 
2016
 
2017
 
2016
Net income from continuing operations
 
$
12,532

 
$
29,306

 
$
26,945

 
$
41,989

Preferred stock dividends
 
(10
)
 
(9
)
 
(20
)
 
(19
)
Income from continuing operations available to common equity
 
12,522

 
29,297

 
26,925

 
41,970

Dividends and undistributed earnings allocated to participating securities
 
(10
)
 
(48
)
 
(26
)
 
(67
)
Income from continuing operations available to common shareholders
 
12,512

 
29,249

 
26,899

 
41,903

 
 
 
 
 
 
 
 
 
Net income from discontinued operations
 
$
—

 
$
1,777

 
$
—

 
$
845

Preferred stock dividends
 
—

 
(1
)
 
—

 
(1
)
Income from discontinued operations available to common equity
 
—

 
1,776

 
—

 
844

Dividends and undistributed earnings allocated to participating securities
 
—

 
(3
)
 
—

 
(2
)
Income from discontinued operations available to common shareholders
 
—

 
1,773

 
—

 
842

 
 
 
 
 
 
 
 
 
Basic weighted-average shares outstanding
 
38,065

 
37,411

 
37,914

 
37,368

Stock options and other stock compensation
 
715

 
449

 
771

 
439

Diluted weighted-average shares outstanding
 
38,780

 
37,860

 
38,685

 
37,807

Antidilutive stock options
 
—

 
143

 
—

 
143

 
 
 
 
 
 
 
 
 
Earnings per share attributable to continuing operations:
 
 
 
 
 
 
 
 
Basic
 
$
0.33

 
$
0.78

 
$
0.71

 
$
1.12

Diluted
 
$
0.32

 
$
0.77

 
$
0.70

 
$
1.11

 
 
 
 
 
 
 
 
 
Earnings per share attributable to discontinued operations:
 
 
 
 
 
 
 
 
Basic
 
$
—

 
$
0.05

 
$
—

 
$
0.02

Diluted
 
$
—

 
$
0.05

 
$
—

 
$
0.02