Loss Per Share

3 Months Ended

Mar. 31, 2012

Loss Per Share [Abstract]

Loss Per Share

12. Loss Per Share:

Due to the net losses recorded in the first quarters of 2012 and 2011, basic loss per share is computed by dividing net loss by the weighted-average number of common shares outstanding during the period. Diluted loss per share is computed by dividing net loss by the sum of the weighted-average number of shares and the number of equivalent shares assumed outstanding, if dilutive, under our stock-based compensation plans.

The computations of basic and diluted loss per share for Loss from Continuing Operations were as follows (in millions, except per share data):

	For the Three Months Ended March 31,
	2012			2011
Net loss	$	(6.1	)	$	(7.2	)
Add: Loss from discontinued operations		(5.6	)		(3.7	)
Loss from continuing operations	$	(0.5	)	$	(3.5	)
Weighted-average shares outstanding – basic and diluted		50.9			53.6
Loss per share from continuing operations – basic and diluted		(0.01	)		(0.06	)
Loss per share from discontinued operations – basic and diluted		(0.11	)		(0.07	)
Net loss per share	$	(0.12	)	$	(0.13	)

Not included in the 2012 and 2011 computations of diluted loss per share were 636,860 and 1,128,847 shares, respectively, of potentially dilutive securities, including stock options, stock appreciation rights, restricted stock units and performance share units as these shares would be anti-dilutive. The shares were anti-dilutive due to the loss position in both periods.

Additionally, stock appreciation rights were outstanding, but not included in the diluted loss per share calculation because the assumed exercise of such rights would be anti-dilutive. The details are as follows:

	For the Three Months Ended March 31,
	2012		2011
Number of shares		1,136,015		464,314
Price ranges per share	$	34.06-46.78	$	46.78