EARNINGS PER SHARE (Tables)

3 Months Ended

Mar. 31, 2014

The following table provides a reconciliation of the data used in the calculation of basic and diluted earnings per share from continuing operations attributable to ITT Corporation for the three months ended March 31, 2014 and 2013.



For the Three Months Ended March 31	2014	2013
Weighted average common shares outstanding	91.4	91.9
Add: Weighted average restricted stock awards outstanding^(a)	—	0.1
Basic weighted average common shares outstanding	91.4	92.0
Add: Dilutive impact of stock options and restricted stock units	1.4	1.2
Diluted weighted average common shares outstanding	92.8	93.2


(a)	Restricted stock awards containing rights to non-forfeitable dividends which participate in undistributed earnings with common shareholders are considered participating securities for purposes of computing earnings per share.

Number of Shares Underlying Stock Options Excluded from the Computation of Diluted Earnings

The following table provides the number of shares underlying stock options excluded from the computation of diluted earnings per share for the three months ended March 31, 2014 and 2013 because they were anti-dilutive.



For the Three Months Ended March 31	2014		2013
Anti-dilutive stock options	0.2		0.4
Average exercise price	$	43.52	$	23.81
Year(s) of expiration	2024		2022-2023