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Earnings (Loss) per Share
 6 Months Ended
Jun. 30, 2016
Earnings Per Share [Abstract]  
Earnings (Loss) per Share
Earnings (Loss) per Share
Basic and diluted earnings (loss) per share are computed using the two-class method, which is an earnings allocation method that determines earnings (loss) per share for common shares and participating securities. The participating securities consist of the Company's Series A Convertible Perpetual Preferred Stock. The undistributed earnings are allocated between common shares and participating securities as if all earnings had been distributed during the period. In periods of loss, no allocation is made to the preferred shares. The dividend rights are defined in the Certification of Designation of Series A Convertible Perpetual Preferred Stock of XPO Logistics, Inc. filed with the Securities and Exchange Commission ("SEC") on Form 8-K on September 6, 2011.
 
Three Months Ended June 30,
 
Six Months Ended June 30,
(In millions, except per share data)
2016
 
2015
 
2016
 
2015
Basic earnings (loss) per common share
 
 
 
 
 
 
 
Net income (loss) attributable to XPO
$
46.6

 
$
(74.4
)
 
$
24.1

 
$
(88.8
)
Cumulative preferred dividends
(0.7
)
 
(0.7
)
 
(1.5
)
 
(1.5
)
Non-cash allocation of undistributed earnings
(3.3
)
 
—

 
(0.6
)
 
—

Net income (loss) allocable to common shares, basic
$
42.6

 
$
(75.1
)
 
$
22.0

 
$
(90.3
)
 
 
 
 
 
 
 
 
Basic weighted-average common shares
110.0

 
84.3

 
109.8

 
81.6

Basic earnings (loss) per share
$
0.39

 
$
(0.89
)
 
$
0.20

 
$
(1.11
)
 
 
 
 
 
 
 
 
Diluted earnings (loss) per common share
 
 
 
 
 
 
 
Net income (loss) allocable to common shares, basic
$
42.6

 
$
(75.1
)
 
$
22.0

 
$
(90.3
)
Interest from Convertible Senior Notes
0.3

 
—

 
—

 
—

Net income (loss) allocable to common shares, diluted
$
42.9

 
$
(75.1
)
 
$
22.0

 
$
(90.3
)
 
 
 
 
 
 
 
 
Basic weighted-average common shares
110.0

 
84.3

 
109.8

 
81.6

Dilutive effect of non-participating stock-based awards and Convertible Senior Notes
12.3

 
—

 
9.1

 
—

Diluted weighted-average common shares
122.3

 
84.3

 
118.9

 
81.6

 
 
 
 
 
 
 
 
Diluted earnings (loss) per share
$
0.35

 
$
(0.89
)
 
$
0.19

 
$
(1.11
)
 
 
 
 
 
 
 
 
Dilutive potential common shares excluded
11.1

 
25.6

 
14.9

 
25.8


Certain shares were not included in the computation of diluted earnings per share because the effect was either anti-dilutive or in the case of unvested PRSU awards, the performance condition was not met as of June 30, 2016.