BASIC AND DILUTED EARNINGS PER COMMON SHARE

9 Months Ended

Sep. 30, 2013

Earnings Per Share, Basic and Diluted [Abstract]

BASIC AND DILUTED EARNINGS PER COMMON SHARE

BASIC AND DILUTED EARNINGS (LOSS) PER COMMON SHARE

Shares used in basic earnings (loss) 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 nine months ended September 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 average NYSE closing price of the Class A Common Stock for these periods.

For the three and nine months ended September 30, 2012, 121 and 4,465 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 nine months ended September 30, 2013, there were no shares of unvested restricted stock outstanding.

The components of basic and diluted earnings (loss) per common share for the three and nine months ended September 30, 2013 and 2012 are as follows:

	Three Months Ended September 30,					Nine Months Ended September 30,
	2013		2012			2013		2012
Numerator:
Income (loss) from continuing operations	$	9.5	$	(15.0	)	$	27.0	$	4.2
Income from discontinued operations	—		—			0.3		0.4
Net income (loss)	$	9.5	$	(15.0	)	$	27.3	$	4.6
Denominator:
Weighted average common shares outstanding – Basic	52,356,798		52,356,641			52,356,798		52,345,895
Effect of dilutive restricted stock	—		—			—		11,016
Weighted average common shares outstanding – Diluted	52,356,798		52,356,641			52,356,798		52,356,911
Basic earnings (loss) per common share:
Continuing operations	$	0.18	$	(0.29	)	$	0.51	$	0.08
Discontinued operations	—		—			0.01		0.01
Net income (loss)	$	0.18	$	(0.29	)	$	0.52	$	0.09
Diluted earnings (loss) per common share:
Continuing operations	$	0.18	$	(0.29	)	$	0.51	$	0.08
Discontinued operations	—		—			0.01		0.01
Net income (loss)	$	0.18	$	(0.29	)	$	0.52	$	0.09