XML 26 R15.htm IDEA: XBRL DOCUMENT v3.19.2
Income from Continuing Operations Per Unrestricted Share
 6 Months Ended
Jun. 30, 2019
Earnings Per Share [Abstract]  
Income from Continuing Operations Per Unrestricted Share Income from Continuing Operations Per Unrestricted Share
The Company’s awards of deferred stock units contain rights to receive non-forfeitable dividend equivalents and participate in the undistributed earnings with common shareholders, as did the Company’s awards of restricted stock units and performance share units prior to 2018. 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 ended June 30, 2019 and 2018 is presented below.
 
 
Six Months Ended
 
Three Months Ended
 
 
Jun 30,
2019
 
Jun 30,
2018
 
Jun 30,
2019
 
Jun 30,
2018
(Dollars in Millions)
 
 
 
 
 
 
 
 
Income from Continuing Operations
 
$
277.4

 
$
91.1

 
$
122.1

 
$
37.5

Less Income from Continuing Operations Attributed to Participating Awards
 
1.0

 
0.6

 
0.3

 
0.1

Income from Continuing Operations Attributed to Unrestricted Shares
 
276.4

 
90.5

 
121.8

 
37.4

Diluted Income from Continuing Operations Attributed to Unrestricted Shares
 
$
276.4

 
$
90.5

 
$
121.8

 
$
37.4

(Number of Shares in Thousands)
 
 
 
 
 
 
 
 
Weighted-average Unrestricted Shares Outstanding
 
65,113.2

 
51,526.6

 
65,408.1

 
51,549.9

Equity-based Compensation Equivalent Shares
 
786.4

 
470.1

 
781.8

 
526.5

Weighted-average Unrestricted Shares and Equivalent Shares Outstanding Assuming Dilution
 
65,899.6

 
51,996.7

 
66,189.9

 
52,076.4

(Per Unrestricted Share in Whole Dollars)
 
 
 
 
 
 
 
 
Basic Income from Continuing Operations Per Unrestricted Share
 
$
4.25

 
$
1.76

 
$
1.87

 
$
0.73

Diluted Income from Continuing Operations Per Unrestricted Share
 
$
4.20

 
$
1.75

 
$
1.84

 
$
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 six and three months ended June 30, 2019 and 2018, because the effect of inclusion would be anti-dilutive, is presented below.
 
 
Six Months Ended
 
Three Months Ended
(Number of Shares in Thousands)
 
Jun 30,
2019
 
Jun 30,
2018
 
Jun 30,
2019
 
Jun 30,
2018
Equity-based Compensation Equivalent Shares
 
558.1

 
416.9

 
541.7

 
504.2

Weighted-average Unrestricted Shares and Equivalent Shares Outstanding Assuming Dilution
 
558.1

 
416.9

 
541.7

 
504.2