XML 57 R45.htm IDEA: XBRL DOCUMENT v3.24.1.u1
Earnings per Share (Tables)
 3 Months Ended
Mar. 31, 2024
Earnings Per Share [Abstract]  
Reconciliation from Basic to Diluted Weighted Average Shares Outstanding
The reconciliation from basic to diluted weighted average shares outstanding is as follows:
Three months ended
March 31,
20242023
Weighted average shares outstanding – Basic116,955,043 122,178,867 
Dilutive effect of unvested common shares and RSUs with service conditions, PSUs considered probable of vesting and assumed stock option exercises and conversions496,106 — 
Weighted average shares outstanding – Diluted117,451,149 122,178,867 
Calculation of Basic and Diluted Earnings per Share
Basic and diluted income per share are calculated as follows:
Three months ended
March 31,
20242023
Numerator:
Net income (loss)$1,221 $(1,471)
Denominator:
Weighted average shares outstanding – Basic116,955,043 122,178,867 
Weighted average shares outstanding – Diluted117,451,149 122,178,867 
Net income (loss) per share:
Basic income (loss) per share$0.01 $(0.01)
Diluted income (loss) per share$0.01 $(0.01)
Anti-dilutive Shares
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
March 31,
20242023
RSAs with performance only targets not achieved— 200,096 
Stock options with performance only targets not achieved— 208,968 
Anti-dilutive RSUs and PSUs(1)
558,989 432,308 
Anti-dilutive stock options(1)
367,100 695,777 
(1)Does not include 1,044,098 of RSUs and PSUs, and 352,771 of stock options, for the three months ended March 31, 2023 due to the net loss attributable to Ecovyst Inc. for the period.