Loss Per Share (Tables)

12 Months Ended

Dec. 31, 2017

Loss Per Share

Computation of Basic and Diluted loss Per Share

The following table sets forth the computation of basic and diluted loss per share for the years ended December 31, 2017,  2016 and 2015:

	Year Ended December 31,
(In millions, except share and per share amounts)	2017		2016		2015
Loss from continuing operations	$	(120.8)	$	(103.2)	$	(31.7)
Earnings (loss) from discontinued operations, net of income taxes		—		0.6		24.9
Net loss		(120.8)		(102.6)		(6.8)
Earnings from continuing operations attributable to noncontrolling interest		0.9		0.3		0.1
Net loss attributable to Real Industry, Inc.		(121.7)		(102.9)		(6.9)
Dividends on Redeemable Preferred Stock, in-kind		—		(2.0)		(1.5)
Dividends on Redeemable Preferred Stock, in cash or accrued		(2.4)		—		—
Accretion of fair value adjustment to Redeemable Preferred Stock		(3.6)		(1.0)		(0.8)
Numerator for basic and diluted loss per share—Net loss available to common stockholders	$	(127.7)	$	(105.9)	$	(9.2)
Denominator for basic and diluted loss per share—Weighted average shares outstanding		28,968,363		28,719,098		26,657,832
Basic and diluted loss per share:
Continuing operations	$	(4.41)	$	(3.68)	$	(0.35)
Discontinued operations		—		—		—
Basic and diluted loss per share	$	(4.41)	$	(3.68)	$	(0.35)

Average Market Price of Common Stock and the Incremental Shares that were Dilutive or Potentially Dilutive

The following table provides details on the average market price of Real Industry common stock and the weighted average number of outstanding shares of unvested restricted common stock, common stock options, unvested RSUs and Warrants that were potentially dilutive for the years ended December 31, 2017,  2016 and 2015:

	Year Ended December 31,
	2017		2016		2015
Average market price of Real Industry common stock	$	2.69	$	7.02	$	9.22
Potentially dilutive common stock equivalents:
Unvested restricted common stock		632,992		597,246		259,323
Outstanding common stock options		367,600		748,150		775,650
Unvested restricted stock units		209,654		354,058		260,000
Warrants		1,448,333		1,448,333		1,468,333
Total potentially dilutive common stock equivalents		2,658,579		3,147,787		2,763,306

Schedule of Potentially Dilutive Common Stock Awards

The following table provides summary information about potentially dilutive common stock equivalents for the years ended December 31, 2017,  2016 and 2015:

	Year Ended December 31,
(In millions, except exercise prices)	2017		2016		2015
Average unamortized share-based compensation expense:
Restricted common stock awards	$	3.1	$	2.5	$	1.3
Restricted stock unit awards		0.8		1.4		1.0
Range of exercise prices on common stock options		$3.00 - $10.00		$3.00 - $10.00		$3.00 - $10.00
Weighted average exercise price of the Warrants	$	5.64	$	5.64	$	5.73