XML 34 R23.htm IDEA: XBRL DOCUMENT v3.5.0.2
Earnings Per Share (Tables)
 6 Months Ended
Jun. 30, 2016
Earnings Per Share [Abstract]  
Reconciliation of Weighted Average Number of Shares of Common Stock Outstanding

Below is a reconciliation of the weighted average number of shares of common stock outstanding in calculating Diluted EPS (shares in thousands and dollars in millions, except per share amounts) for the periods presented:

 

 

 

Three months ended June 30,

 

 

Six months ended June 30,

 

 

 

2016

 

 

2015

 

 

2016

 

 

2015

 

Numerator:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net income

 

$

34

 

 

$

58

 

 

$

62

 

 

$

121

 

Denominator:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Weighted average shares used to compute Basic EPS

 

 

145,732

 

 

 

143,709

 

 

 

145,588

 

 

 

143,427

 

Weighted average effect of dilutive securities:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Stock options

 

 

1,060

 

 

 

2,019

 

 

 

1,123

 

 

 

2,218

 

RSUs

 

 

268

 

 

 

231

 

 

 

271

 

 

 

271

 

Weighted average shares used to compute Diluted EPS

 

 

147,060

 

 

 

145,959

 

 

 

146,982

 

 

 

145,916

 

Basic EPS

 

$

0.23

 

 

$

0.40

 

 

$

0.42

 

 

$

0.85

 

Diluted EPS

 

$

0.23

 

 

$

0.40

 

 

$

0.42

 

 

$

0.83

 

 
Common Shares Related to Stock Options and RSUs Excluded from Calculated Diluted EPS

The following potential common shares related to stock options and RSUs were excluded from the calculation of Diluted EPS (in thousands) because their effect would have been anti-dilutive for the periods presented:

 

 

 

Three months ended June 30,

 

 

Six months ended June 30,

 

 

 

2016(1)

 

 

2015(2)

 

 

2016(1)

 

 

2015(2)

 

Stock options

 

 

3,055

 

 

 

2,107

 

 

 

2,963

 

 

 

2,124

 

RSUs

 

 

682

 

 

 

745

 

 

 

784

 

 

 

793

 

Total

 

 

3,737

 

 

 

2,852

 

 

 

3,747

 

 

 

2,917

 

 

(1)

These totals do not include 125,000 performance based options and 12,799 performance based RSUs representing the right to acquire 137,799 shares of common stock for which all targets required to trigger vesting had not been achieved; therefore, such awards were excluded from the calculation of weighted average shares used to compute Diluted EPS for those reporting periods.

 

(2)

These totals do not include 66,666 performance based options and 12,799 performance based RSUs representing the right to acquire 79,465 shares of common stock for which all targets required to trigger vesting had not been achieved; therefore, such awards were excluded from the calculation of weighted average shares used to compute Diluted EPS for those reporting periods.