XML 28 R17.htm IDEA: XBRL DOCUMENT v3.19.2
Earnings per Share
 6 Months Ended
Jun. 30, 2019
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)
 
2019
 
2018
 
2019
 
2018
Net income
 
$
39,806

 
$
33,179

 
$
63,038

 
$
65,550

Preferred stock dividends
 
(10
)
 
(10
)
 
(20
)
 
(20
)
Net income available to common equity
 
39,796

 
33,169

 
63,018

 
65,530

Dividends and undistributed earnings allocated to participating securities
 
(49
)
 
(31
)
 
(71
)
 
(63
)
Net income available to common shareholders
 
39,747

 
33,138

 
62,947

 
65,467

 
 
 
 
 
 
 
 
 
Basic weighted-average shares outstanding
 
38,663

 
38,327

 
38,602

 
38,272

Stock options and other stock compensation
 
497

 
576

 
522

 
569

Diluted weighted-average shares outstanding
 
39,160

 
38,903

 
39,124

 
38,841

Antidilutive stock options
 
—

 
—

 
—

 
—

 
 
 
 
 
 
 
 
 
Earnings per share:
 
 
 
 
 
 
 
 
Basic
 
$
1.03

 
$
0.86

 
$
1.63

 
$
1.71

Diluted
 
$
1.01

 
$
0.85

 
$
1.61

 
$
1.69