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BASIC AND DILUTED EARNINGS PER COMMON SHARE
 6 Months Ended
Jun. 30, 2013
Earnings Per Share, Basic and Diluted [Abstract]  
BASIC AND DILUTED EARNINGS PER COMMON SHARE
BASIC AND DILUTED EARNINGS PER COMMON SHARE
Shares used in basic earnings per common share are computed using the weighted average number of common shares outstanding during each period. Shares used in diluted earnings per common share include the dilutive effect of unvested restricted shares and outstanding stock options under the Company’s stock plan using the treasury stock method. For the three and six months ended June 30, 2013 and 2012, all outstanding options to purchase shares of Revlon, Inc. Class A common stock, par value of $0.01 per share (the “Class A Common Stock”), that could potentially dilute basic earnings per common share in the future were excluded from the calculation of diluted earnings per common share as their effect would be anti-dilutive, as in each case their exercise price was in excess of the NYSE closing price of the Class A Common Stock at all times during these periods.
For the three and six months ended June 30, 2012, 3,588 and 6,740 weighted average shares of unvested restricted stock that could potentially dilute basic earnings per common share in the future were excluded from the calculation of diluted earnings per common share as their effect would be anti-dilutive. For the three and six months ended June 30, 2013, there were no shares of unvested restricted stock outstanding.
The components of basic and diluted earnings per common share for the three and six months ended June 30, 2013 and 2012 are as follows:
 
Three Months Ended June 30,
 
Six Months Ended June 30,
 
2013
 
2012
 
2013
 
2012
Numerator:
 
 
 
 
 
 
 
Income from continuing operations
$
24.4

 
$
10.7

 
$
17.5

 
$
19.2

Income from discontinued operations
0.3

 
0.4

 
0.3

 
0.4

Net income
$
24.7

 
$
11.1

 
$
17.8

 
$
19.6

Denominator:
 
 
 
 
 
 
 
Weighted average common shares outstanding – Basic
52,356,798

 
52,349,583

 
52,356,798

 
52,340,463

Effect of dilutive restricted stock
—

 
7,580

 
—

 
16,541

Weighted average common shares outstanding – Diluted
52,356,798

 
52,357,163

 
52,356,798

 
52,357,004

Basic earnings per common share:
 
 
 
 
 
 
 
Continuing operations
$
0.46

 
$
0.20

 
$
0.33

 
$
0.36

Discontinued operations
0.01

 
0.01

 
0.01

 
0.01

Net income
$
0.47

 
$
0.21

 
$
0.34

 
$
0.37

Diluted earnings per common share:
 
 
 
 
 
 
 
Continuing operations
$
0.46

 
$
0.20

 
$
0.33

 
$
0.36

Discontinued operations
0.01

 
0.01

 
0.01

 
0.01

Net income
$
0.47

 
$
0.21

 
$
0.34

 
$
0.37