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Income (Loss) from Continuing Operations Per Unrestricted Share
 9 Months Ended
Sep. 30, 2016
Earnings Per Share [Abstract]  
Income (Loss) from Continuing Operations Per Unrestricted Share
Note 5 - Income (Loss) 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 restricted stock units and deferred stock units 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 (Loss) from Continuing Operations Per Unrestricted Share and Diluted Income (Loss) from Continuing Operations Per Unrestricted Share for the nine and three months ended September 30, 2016 and 2015 is presented below.
 
 
Nine Months Ended
 
Three Months Ended
 
 
Sep 30,
2016
 
Sep 30,
2015
 
Sep 30,
2016
 
Sep 30,
2015
(Dollars in Millions)
 
 
 
 
 
 
 
 
Income (Loss) from Continuing Operations
 
$
(16.4
)
 
$
78.9

 
$
(18.3
)
 
$
38.0

Less Income (Loss) from Continuing Operations Attributed to Participating Awards
 
(0.3
)
 
0.3

 
(0.1
)
 
0.2

Income (Loss) from Continuing Operations Attributed to Unrestricted Shares
 
(16.1
)
 
78.6

 
(18.2
)
 
37.8

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

 
—

 
—

 
—

Diluted Income (Loss) from Continuing Operations Attributed to Unrestricted Shares
 
$
(16.1
)
 
$
78.6

 
$
(18.2
)
 
$
37.8

(Number of Shares in Thousands)
 
 
 
 
 
 
 
 
Weighted-average Unrestricted Shares Outstanding
 
51,140.6

 
51,737.6

 
51,122.5

 
51,611.8

Equity-based Compensation Equivalent Shares
 
—

 
78.2

 
—

 
60.2

Weighted-average Unrestricted Shares and Equivalent Shares Outstanding Assuming Dilution
 
51,140.6

 
51,815.8

 
51,122.5

 
51,672.0

(Per Unrestricted Share in Whole Dollars)
 
 
 
 
 
 
 
 
Basic Income (Loss) from Continuing Operations Per Unrestricted Share
 
$
(0.31
)
 
$
1.52

 
$
(0.36
)
 
$
0.73

Diluted Income (Loss) from Continuing Operations Per Unrestricted Share
 
$
(0.31
)
 
$
1.52

 
$
(0.36
)
 
$
0.73


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 nine and three months ended September 30, 2016 and 2015 because the effect of inclusion would be anti-dilutive is presented below.
 
 
Nine Months Ended
 
Three Months Ended
(Number of Shares in Thousands)
 
Sep 30,
2016
 
Sep 30,
2015
 
Sep 30,
2016
 
Sep 30,
2015
Equity-based Compensation Equivalent Shares
 
1,195.2

 
1,003.4

 
1,009.5

 
833.9

Weighted-average Unrestricted Shares and Equivalent Shares Outstanding Assuming Dilution
 
1,195.2

 
1,003.4

 
1,009.5

 
833.9