XML 31 R18.htm IDEA: XBRL DOCUMENT v3.10.0.1
Earnings (Loss) Per Common Share
9 Months Ended
Sep. 30, 2018
Earnings Per Share [Abstract]  
Earnings (Loss) Per Common Share
NET INCOME (LOSS) PER COMMON SHARE
Basic net income per common share excludes the dilutive impact of potentially dilutive securities and is computed by dividing net income by the weighted average number of common shares outstanding for the period. Diluted net income per common share includes the effect of potential dilution from the hypothetical exercise of outstanding stock options and vesting of restricted shares and performance shares. A reconciliation of our basic and diluted net income per common share is as follows:
 
Three Months Ended September 30,
Nine Months Ended September 30,
(In millions, except per share data)
2018
2017
2018
2017
Net income (loss) to common shareholders
$
(13.1
)
$
54.9

$
131.7

$
98.2

Basic weighted average shares outstanding
238.7

240.7

239.9

240.5

Diluted weighted average shares outstanding
238.7

245.8

244.2

246.2

Net income (loss) per common share:
 
 


Basic net income (loss) per share
$
(0.05
)
$
0.23

$
0.55

$
0.41

Diluted net income (loss) per share
$
(0.05
)
$
0.22

$
0.54

$
0.40

The number of anti-dilutive shares that have been excluded in the computation of diluted net income (loss) per share for the three and nine months ended September 30, 2018 were 8.8 million and 2.6 million, respectively. The number of anti-dilutive shares that have been excluded in the computation of diluted net income (loss) per share for the three and nine months ended September 30, 2017 were 1.9 million and 1.8 million, respectively.