Income from Continuing Operations Per Unrestricted Share

6 Months Ended

Jun. 30, 2015

Earnings Per Share [Abstract]

Income from Continuing Operations Per Unrestricted Share

Note 7 - Income from Continuing Operations Per Unrestricted Share

The Company’s awards of restricted stock contain rights to receive non-forfeitable dividends and participate in the undistributed earnings with common shareholders. The Company’s awards of RSUs and DSUs also contain rights to receive non-forfeitable dividend equivalents 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 six and three months endedJune 30, 2015 and 2014 is as follows:

	Six Months Ended				Three Months Ended
	Jun 30, 2015		Jun 30, 2014		Jun 30, 2015		Jun 30, 2014
(Dollars in Millions)
Income from Continuing Operations	$	40.9	$	44.5	$	27.4	$	9.3
Less Income from Continuing Operations Attributed to Participating Awards	0.1		0.2		0.2		—
Income from Continuing Operations Attributed to Unrestricted Shares	40.8		44.3		27.2		9.3
Dilutive Effect on Income of Equity-based Compensation Equivalent Shares	—		—		—		—
Diluted Income from Continuing Operations Attributed to Unrestricted Shares	$	40.8	$	44.3	$	27.2	$	9.3
(Number of Shares in Thousands)
Weighted-average Unrestricted Shares Outstanding	51,800.5		54,989.7		51,728.1		54,666.5
Equity-based Compensation Equivalent Shares	87.2		118.4		78.0		106.6
Weighted-average Unrestricted Shares and Equivalent Shares Outstanding Assuming Dilution	51,887.7		55,108.1		51,806.1		54,773.1
(Per Unrestricted Share in Whole Dollars)
Basic Income from Continuing Operations Per Unrestricted Share	$	0.79	$	0.80	$	0.53	$	0.17
Diluted Income from Continuing Operations Per Unrestricted Share	$	0.79	$	0.80	$	0.53	$	0.17

The number of shares of Kemper common stock that were excluded from the calculations of Equity-based Compensation Equivalent Shares and Weighted-average Unrestricted Shares and Equivalent Shares Outstanding Assuming Dilution for the six and three months endedJune 30, 2015 and 2014 because the exercise prices for the options exceeded the average market price is presented below.

	Six Months Ended		Three Months Ended
(Number of Shares in Thousands)	Jun 30, 2015	Jun 30, 2014	Jun 30, 2015	Jun 30, 2014
Equity-based Compensation Equivalent Shares	1,088.2	1,395.6	932.2	1,541.3
Weighted-average Unrestricted Shares and Equivalent Shares Outstanding Assuming Dilution	1,088.2	1,395.6	932.2	1,541.3