Net Income per Share

3 Months Ended

Mar. 31, 2013

Earnings Per Share [Abstract]

Net (Loss) Income per Share

Net Income per Share

The following is a reconciliation of net income and weighted-average common shares outstanding for purposes of calculating diluted net income per share for the three months ended March 31, 2013 and 2012:

(in millions, except per share amounts)	For the Three Months Ended March 31,
	2013		2012
Net income	$	0.9	$	1.1
Basic weighted-average number of shares outstanding	169.7		168.1
Effect of dilutive securities
Common stock purchase warrants	—		0.4
Share-based awards	0.2		—
Prepaid common stock purchase contracts	46.4		—
Diluted weighted-average number of shares outstanding	216.3		168.5
Net income per share
Basic	$	0.01	$	0.01
Diluted	$	—	$	0.01

For the three months ended March 31, 2013, approximately 2.3 million options and 1.7 million of PSUs were excluded from the computation of diluted weighted-average shares as the exercise prices exceeded the price of the common stock. For the three months ended March 31, 2013, approximately 1.3 million of RSUs were excluded from the computation of diluted weighted-average shares as the effect would have been anti-dilutive under the treasury stock method.

For the three months ended March 31, 2012, approximately 2.5 million stock options, 0.9 million of PSUs and 0.7 million of RSUs were excluded from the computation of diluted weighted-average shares as the exercise prices exceeded the average price of TCM's common stock for the period.