Equity

Earnings per Share Calculation

Basic net income per share is computed using the weighted-average number of outstanding shares of common stock during the measurement period. Diluted net income per share is computed using the weighted-average number of outstanding shares of common stock and, when dilutive, potential outstanding shares of common stock during the measurement period.

Subject to preferences that may apply to shares of preferred stock outstanding at the time, holders of the Company's outstanding common stock are entitled to any dividend declared by the Board of Directors out of funds legally available for this purpose. No dividend may be declared on the Class A or Class B common stock unless at the same time an equal dividend is paid on every share of Class A and Class B common stock. Dividends paid in shares of the Company's common stock must be paid, with respect to a particular class of common stock, in shares of that class. The Company does not intend to pay cash dividends on its common stock. In addition, the terms of the Company's current financing agreements preclude it from paying any cash dividends on its common stock.

The following table sets forth the computation of basic and diluted earnings per share:



	For the Twelve Months Ended
	December 31, 2013							December 31, 2012					December 31, 2011
	Loss			Shares	Per Share Amount			Income		Shares	Per Share Amount		Income		Shares	Per Share Amount
Basic EPS
(Loss) income available to common shareholders	$	(621.4	)	141.3	$	(4.40	)	$	34.4	140.7	$	0.24	$	189.2	139.2	$	1.36
Income allocated to participating securities	—			—				0.4		1.5			3.2		2.3
Net (loss) income	$	(621.4	)					$	34.8				$	192.4
Diluted potential common shares				—						0.5					0.8
Diluted EPS
Net (loss) income	$	(621.4	)	141.3	$	(4.40	)	$	34.8	142.7	$	0.24	$	192.4	142.3	$	1.35

The balance of outstanding common shares presented in the consolidated statement of shareholders' equity was 144.8 million, 143.7 million and 142.9 million at December 31, 2013, December 31, 2012 and December 31, 2011, respectively. Included in the outstanding common shares were 3.4 million, 2.7 million and 2.6 million of issued but unvested shares at December 31, 2013, December 31, 2012 and December 31, 2011, respectively, which are excluded from the basic EPS calculation. For the twelve months ended December 31, 2013, 1.0 million shares are not included in the calculation of diluted earnings per share, as their inclusion would have been anti-dilutive. These securities could be dilutive in future periods.

Accumulated Other Comprehensive Loss

Accumulated Other Comprehensive Loss is summarized by component as follows:



	December 31, 2013			December 31, 2012
Pension	$	(52.7	)	$	(132.0	)
SERP/ Retiree medical	3.1			(2.6		)
Foreign currency impact on long term intercompany loan	(2.2		)	(3.5		)
Currency translation adjustment	(2.8		)	(7.1		)
Total accumulated other comprehensive loss	$	(54.6	)	$	(145.2	)

Noncontrolling Interest

Noncontrolling interest at December 31, 2013 remained unchanged from the prior year at $0.5.