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Earnings per Share (Tables)

6 Months Ended

Jun. 30, 2021

Earnings Per Share [Abstract]

Reconciliation from Basic to Diluted Weighted Average Number of Shares Outstanding

The reconciliation from basic to diluted weighted average shares outstanding is as follows:

						Three months ended June 30,												Six months ended June 30,
						2021						2020						2021						2020
Weighted average shares outstanding – Basic						136,095,060						135,083,126						136,072,165						135,278,764
Dilutive effect of unvested common shares and restricted stock units with service conditions, performance stock units considered probable of vesting and assumed stock option exercises and conversions						—						588,704						—						800,776
Weighted average shares outstanding – Diluted						136,095,060						135,671,830						136,072,165						136,079,540

Schedule of Earnings Per Share, Basic and Diluted

Basic and diluted loss per share are calculated as follows:

						Three months ended June 30,												Six months ended June 30,
						2021						2020						2021						2020
Numerator:
Net income (loss) attributable to Ecovyst Inc.						$	(1,490)					$	15,926					$	(94,125)					$	16,150
Denominator:
Weighted average shares outstanding – Basic						136,095,060						135,083,126						136,072,165						135,278,764
Weighted average shares outstanding – Diluted						136,095,060						135,671,830						136,072,165						136,079,540
Net loss per share:
Basic (loss) income per share						$	(0.01)					$	0.12					$	(0.69)					$	0.12
Diluted (loss) income per share						$	(0.01)					$	0.12					$	(0.69)					$	0.12

Schedule of Securities Excluded from Computation of Earnings Per Share

The table below presents the details of the Company’s weighted average equity-based awards outstanding during each respective period that were excluded from the calculation of diluted earnings per share:

						Three months ended June 30,												Six months ended June 30,
						2021						2020						2021						2020
Restricted stock awards with performance only targets not yet achieved						846,715						1,507,366						864,946						1,511,868
Stock options with performance only targets not yet achieved						376,812						509,888						376,812						516,110
Anti-dilutive restricted stock awards, restricted stock units and performance stock units						—						2,262,974						—						1,421,401
Anti-dilutive stock options						—						844,475						—						847,641

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- Definition

Tabular disclosure of securities (including those issuable pursuant to contingent stock agreements) that could potentially dilute basic earnings per share (EPS) in the future that were not included in the computation of diluted EPS because to do so would increase EPS amounts or decrease loss per share amounts for the period presented, by antidilutive securities.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 50
-Paragraph 1
-Subparagraph (c)
-URI http://asc.fasb.org/extlink&oid=124432515&loc=d3e3550-109257

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- Definition

Tabular disclosure of an entity's basic and diluted earnings per share calculations, including a reconciliation of numerators and denominators of the basic and diluted per-share computations for income from continuing operations.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 50
-Paragraph 1
-Subparagraph (a)
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Tabular disclosure of the weighted average number of shares used in calculating basic net earnings per share (or unit) and diluted earnings per share (or unit).

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
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