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Income from Continuing Operations Per Unrestricted Share
 3 Months Ended
Mar. 31, 2013
Earnings Per Share [Abstract]  
Income from Continuing Operations Per Unrestricted Share
Note 6 - Income from Continuing Operations Per Unrestricted Share
The Company’s awards of restricted stock contain a right to receive non-forfeitable dividends and participate in the undistributed earnings with common shareholders. Accordingly, the Company is required to apply the two-class method of computing basic and diluted earnings per share. A reconciliation of the numerator and denominator used in the calculation of Basic Income from Continuing Operations Per Unrestricted Share and Diluted Income from Continuing Operations Per Unrestricted Share for the three months ended March 31, 2013 and 2012 is as follows:
 
 
Three Months Ended
 
 
Mar 31,
2013
 
Mar 31,
2012
(Dollars in Millions)
 
 
 
 
Income from Continuing Operations
 
$
58.6

 
$
36.3

Less Income from Continuing Operations Attributed to Restricted Shares
 
0.3

 
0.2

Income from Continuing Operations Attributed to Unrestricted Shares
 
58.3

 
36.1

Dilutive Effect on Income of Equity-based Compensation Equivalent Shares
 
—

 
—

Diluted Income from Continuing Operations Attributed to Unrestricted Shares
 
$
58.3

 
$
36.1

(Shares in Thousands)
 
 
 
 
Weighted-Average Unrestricted Shares Outstanding
 
58,130.5

 
59,865.7

Equity-based Compensation Equivalent Shares
 
110.3

 
130.4

Weighted-Average Unrestricted Shares and Equivalent Shares Outstanding Assuming Dilution
 
58,240.8

 
59,996.1

(Per Unrestricted Share in Whole Dollars)
 
 
 
 
Basic Income from Continuing Operations Per Unrestricted Share
 
$
1.00

 
$
0.61

Diluted Income from Continuing Operations Per Unrestricted Share
 
$
1.00

 
$
0.60


Options outstanding to purchase 2.3 million shares of Kemper common stock were excluded from the computation of Equity-based Compensation Equivalent Shares and Weighted-Average Unrestricted Shares and Equivalent Shares Outstanding Assuming Dilution for the three months ended March 31, 2013 because their exercise prices exceeded the average market price. Options outstanding to purchase 3.2 million shares of Kemper common stock were excluded from the computation of Equity-based Compensation Equivalent Shares and Weighted-Average Unrestricted Shares and Equivalent Shares Outstanding Assuming Dilution for the three months ended March 31, 2012 because their exercise prices exceeded the average market price.