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Earnings per Share
 6 Months Ended
Jun. 30, 2016
Earnings Per Share [Abstract]  
Earnings per Share

Note 3.

Earnings per Share

The following is a reconciliation of basic earnings per share to diluted earnings per share for income (loss) from continuing operations attributable to our common stockholders and net income (loss) attributable to our common stockholders (in millions, except per share data):

 

 

 

Three Months Ended

 

 

Six Months Ended

 

 

 

June 30,

 

 

June 30,

 

 

 

2016

 

 

2015

 

 

2016

 

 

2015

 

Income (loss) from continuing operations

 

$

(35

)

 

$

118

 

 

$

38

 

 

$

193

 

Income (loss) from discontinued operations

 

 

(228

)

 

 

18

 

 

 

(211

)

 

 

42

 

Net income (loss) attributable to Starwood

 

$

(263

)

 

$

136

 

 

$

(173

)

 

$

235

 

Weighted average common shares for basic earnings per share

 

 

168

 

 

 

169

 

 

 

168

 

 

 

170

 

Effect of dilutive stock options and restricted stock awards

 

 

—

 

 

 

1

 

 

 

1

 

 

 

1

 

Weighted average common shares for diluted earnings per share

 

 

168

 

 

 

170

 

 

 

169

 

 

 

171

 

Basic earnings (losses) per share:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Continuing operations

 

$

(0.20

)

 

$

0.69

 

 

$

0.23

 

 

$

1.13

 

Discontinued operations

 

 

(1.36

)

 

 

0.11

 

 

 

(1.26

)

 

 

0.25

 

Net income (loss) per share - basic

 

$

(1.56

)

 

$

0.80

 

 

$

(1.03

)

 

$

1.38

 

Diluted earnings (losses) per share:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Continuing operations

 

$

(0.20

)

 

$

0.69

 

 

$

0.23

 

 

$

1.13

 

Discontinued operations

 

 

(1.36

)

 

 

0.10

 

 

 

(1.25

)

 

 

0.24

 

Net income (loss) per share - diluted

 

$

(1.56

)

 

$

0.79

 

 

$

(1.02

)

 

$

1.37

 

 

Approximately 0.4 million shares and 0.3 million shares for the six months ended June 30, 2016 and 2015, respectively, were excluded from the computation of diluted shares, as their impact would have been anti-dilutive. An insignificant amount of shares were excluded from the computation of diluted shares for the three months ended June 30, 2016 and June 30, 2015.