Earnings (Loss) Per Share Attributable to Quad/Graphics Common Shareholders (Tables)

3 Months Ended

Mar. 31, 2021

Schedule of Calculation of Numerator and Denominator in Earnings Per Share

Reconciliations of the numerator and the denominator of the basic and diluted per share computations for the Company’s common stock, including the impact of discontinued operations, for the three months ended March 31, 2021 and 2020, are summarized as follows:


	Three Months Ended March 31,
		2021		2020
Numerator
Net earnings (loss) from continuing operations		$	10.2	$	(8.6)
Less: net earnings (loss) attributable to noncontrolling interests		—		—
Net earnings (loss) from continuing operations attributable to Quad common shareholders		10.2		(8.6)

Loss from discontinued operations, net of tax		—		(3.8)

Net earnings (loss) attributable to Quad common shareholders		$	10.2	$	(12.4)

Denominator
Basic weighted average number of common shares outstanding for all classes of common shares		51.4		50.5
Plus: effect of dilutive equity incentive instruments		1.4		—
Diluted weighted average number of common shares outstanding for all classes of common shares		52.8		50.5

Earnings (loss) per share attributable to Quad common shareholders
Basic:
Continuing operations		$	0.20	$	(0.17)
Discontinued operations		—		(0.08)
Basic earnings (loss) per share attributable to Quad common shareholders		$	0.20	$	(0.25)

Diluted:
Continuing operations		$	0.19	$	(0.17)
Discontinued operations		—		(0.08)
Diluted earnings (loss) per share attributable to Quad common shareholders		$	0.19	$	(0.25)

Cash dividends paid per common share for all classes of common shares		$	—	$	0.15