Loss Per Share (Tables)

3 Months Ended

Mar. 31, 2017

Earnings Per Share [Abstract]

Computation of Basic and Diluted loss Per Share

The following table sets forth the computation of basic and diluted loss per share for the three months ended March 31, 2017 and 2016:

	Three Months Ended March 31,
(In millions, except share and per share amounts)	2017			2016
Loss from continuing operations	$	(11.3	)	$	(10.0	)
Earnings (loss) from discontinued operations, net of income taxes		—			—
Net loss		(11.3	)		(10.0	)
Earnings from continuing operations attributable to noncontrolling interest		0.1			0.1
Net loss attributable to Real Industry, Inc.		(11.4	)		(10.1	)
Dividends on Redeemable Preferred Stock, in-kind		—			(0.5	)
Dividends on Redeemable Preferred Stock, accrued		(0.6	)		—
Accretion of fair value adjustment to Redeemable Preferred Stock		(0.2	)		(0.2	)
Numerator for basic and diluted loss per share—Net loss available to common stockholders	$	(12.2	)	$	(10.8	)
Denominator for basic and diluted loss per share—Weighted average shares outstanding		28,872,312			28,703,587
Basic and diluted loss per share:
Continuing operations	$	(0.43	)	$	(0.38	)
Discontinued operations		—			—
Basic and diluted loss per share	$	(0.43	)	$	(0.38	)

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 restricted stock units, 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,
	2017		2016
Average market price of Real Industry common stock	$	4.94	$	6.86
	March 31,
	2017		2016
Potentially dilutive common stock equivalents:
Unvested restricted common stock		759,003		491,286
Outstanding common stock options		747,400		775,650
Unvested restricted stock units		519,835		381,823
Warrants		1,448,333		1,468,333
Total potentially dilutive common stock equivalents		3,474,571		3,117,092

Schedule of Potentially Dilutive Common Stock Awards

	Three Months Ended March 31,
(In millions, except exercise prices)	2017		2016
Average unamortized share-based compensation expense:
Restricted common stock awards	$	0.5	$	2.2
Restricted stock unit awards		0.3		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	$	5.64