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Net Loss Per Share and Shareholders' Equity
 6 Months Ended
Jun. 30, 2015
Earnings Per Share [Abstract]  
Net Loss Per Share and Shareholders' Equity
Net Loss Per Share and Shareholders’ Equity
The following is a reconciliation of the numerator and denominator of the basic and diluted net loss per share (EPS) computations:
 
Three Months Ended
June 30,
 
Six Months Ended
June 30,
 
2015
 
2014
 
2015
 
2014
(In millions, except common share and per common share amounts)
 
 
 
 
 
 
 
Numerator:
 
 
 
 
 
 
 
Net loss applicable to common shareholders
$
(27.2
)
 
$
(2.1
)
 
$
(43.1
)
 
$
(10.3
)
Denominator:
 
 
 
 
 
 
 
Denominator for basic EPS–weighted-average common shares
53,237,740

 
52,164,034

 
52,765,856

 
52,133,076

Dilutive effect of stock-based compensation arrangements
—

 
—

 
—

 
—

Denominator for diluted EPS–adjusted weighted-average common shares
53,237,740

 
52,164,034

 
52,765,856

 
52,133,076

Basic EPS
$
(0.51
)
 
$
(0.04
)
 
$
(0.82
)
 
$
(0.20
)
Diluted EPS
$
(0.51
)
 
$
(0.04
)
 
$
(0.82
)
 
$
(0.20
)

The diluted EPS calculation for the three and six months ended June 30, 2015 excludes the effect of 266,313 shares of restricted stock, 16,125 restricted stock units and 6,352,762 outstanding stock options as their effect is anti-dilutive. The diluted EPS calculation for the three and six months ended June 30, 2014 excludes the effect of 5,945,572 outstanding stock options, as their effect is anti-dilutive. Holders of non-vested stock-based compensation awards do not have voting rights or rights to receive nonforfeitable dividends on the shares covered by the awards.
On February 17, 2014, the Company acquired all the noncontrolling shares of Milacron Plastics Machinery (Jiangyin) Co., Ltd. for $1.9 million. As the Company already held a controlling interest, the purchase was accounted for as an equity transaction. For the six months ended June 30, 2014, the Company recognized a reduction in paid-in capital of $1.6 million for the excess of par value of the purchase of the noncontrolling shares.