Earnings (Loss) Per Share (Tables)

3 Months Ended

Mar. 31, 2016

Earnings Per Share [Abstract]

Computation of Basic and Diluted Earnings (Loss) Per Share

The following table sets forth the computation of basic and diluted earnings (loss) per share for the three months ended March 31, 2016 and 2015:

	Three Months Ended March 31,
(In millions, except share and per share amounts)	2016			2015
Loss from continuing operations	$	(10.0	)	$	(17.5	)
Earnings (loss) from discontinued operations, net of income taxes		—			24.3
Net earnings (loss)		(10.0	)		6.8
Earnings (loss) from continuing operations attributable to noncontrolling interest		0.1			0.1
Net earnings (loss) attributable to Real Industry, Inc.		(10.1	)		6.7
Dividends and accretion on Redeemable Preferred Stock		(0.7	)		(0.2	)
Numerator for basic and diluted earnings (loss) per share—    Net earnings (loss) available to common stockholders	$	(10.8	)	$	6.5
Denominator for basic and diluted earnings (loss) per share—    Weighted average shares outstanding		28,703,587			21,714,016
Basic and diluted earnings (loss) per share:
Continuing operations	$	(0.38	)	$	(0.82	)
Discontinued operations		—			1.12
Basic and diluted earnings (loss) per share	$	(0.38	)	$	0.30

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

The following tables provide details on the average market price of Real Industry common stock; the outstanding shares of unvested restricted common stock, common stock options, unvested performance shares and Warrants that were potentially dilutive; and summary information about the potentially dilutive common stock equivalents for each of the periods presented:

	Three Months Ended March 31,
	2016		2015
Average market price of Real Industry common stock	$	6.86	$	7.22
	March 31,
	2016		2015
Potentially dilutive common stock equivalents:
Unvested restricted common stock		491,286		275,852
Common stock options		775,650		865,650
Unvested performance shares		381,823		—
Warrants		1,468,333		1,500,000
Total potentially dilutive common stock equivalents		3,117,092		2,641,502

Schedule of Potentially Dilutive Common Stock Awards

	Three Months Ended March 31,
(In millions, except exercise prices)	2016		2015
Average unamortized share-based compensation expense:
Unvested restricted common stock awards	$	2.2	$	0.9
Unvested performance share awards		1.8		—
Range of exercise prices on common stock options	$3.00 - $10.00		$3.00 - $10.00
Weighted average exercise price of the Warrants	$	5.64	$	5.98