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Income From Continuing Operations Per Unrestricted Share
 12 Months Ended
Dec. 31, 2013
Earnings Per Share [Abstract]  
Income from Continuing Operations Per Unrestricted Share
NOTE 11. INCOME FROM CONTINUING OPERATIONS PER UNRESTRICTED SHARE
The Company’s awards of restricted common 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 years ended December 31, 2013, 2012 and 2011 is as follows:
 
 
2013
 
2012
 
2011
DOLLARS IN MILLIONS
 
 
 
 
 
 
Income from Continuing Operations
 
$
214.5

 
$
91.8

 
$
61.7

Less Income from Continuing Operations Attributed to Restricted Shares
 
1.1

 
0.5

 
0.3

Income from Continuing Operations Attributed to Unrestricted Shares
 
213.4

 
91.3

 
61.4

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

 
—

 
—

Diluted Income from Continuing Operations Attributed to Unrestricted Shares
 
$
213.4

 
$
91.3

 
$
61.4

SHARES IN THOUSANDS
 
 
 
 
 
 
Weighted-average Unrestricted Shares Outstanding
 
56,856.9

 
58,857.3

 
60,262.6

Kemper Equity-based Compensation Equivalent Shares
 
126.7

 
141.7

 
103.9

Weighted-Average Unrestricted Shares and Equivalent Shares Outstanding Assuming Dilution
 
56,983.6

 
58,999.0

 
60,366.5

PER UNRESTRICTED SHARE IN WHOLE DOLLARS
 
 
 
 
 
 
Basic Income from Continuing Operations Per Unrestricted Share
 
$
3.75

 
$
1.55

 
$
1.02

Diluted Income from Continuing Operations Per Unrestricted Share
 
$
3.74

 
$
1.54

 
$
1.02


Options outstanding to purchase 2.1 million, 2.8 million and 3.3 million shares of Kemper common stock were excluded from the computation of Kemper Equity-based Compensation Equivalent Shares and Weighted-average Unrestricted Shares and Equivalent Shares Outstanding Assuming Dilution for the years ended December 31, 2013, 2012 and 2011, respectively, because the exercise price exceeded the average market price.