BASIC AND DILUTED EARNINGS PER COMMON SHARE

12 Months Ended

Dec. 31, 2013

Earnings Per Share, Basic and Diluted [Abstract]

BASIC AND DILUTED EARNINGS PER COMMON SHARE

BASIC AND DILUTED EARNINGS PER COMMON SHARE

For each of the years ended December 31, 2013, 2012 and 2011 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 each of the years ended December 31, 2013, 2012, and 2011, 20,437, 3,354 and 122,323 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.

The components of basic and diluted earnings per common share for each of the years ended December 31, 2013, 2012 and 2011 are as follows:

	Year Ended December 31,
	2013			2012			2011
Numerator:
Income from continuing operations	$	24.6		$	61.2		$	55.2
Loss from discontinued operations	(30.4		)	(10.1		)	(1.8		)
Net (loss) income	$	(5.8	)	$	51.1		$	53.4
Denominator:
Weighted average common shares outstanding – Basic	52,356,798			52,348,636			52,173,906
Effect of dilutive restricted stock	931			8,246			157,901
Weighted average common shares outstanding – Diluted	52,357,729			52,356,882			52,331,807
Basic (loss) earnings per common share:
Continuing operations	$	0.47		$	1.17		$	1.06
Discontinued operations	(0.58		)	(0.19		)	(0.04		)
Net (loss) income	$	(0.11	)	$	0.98		$	1.02
Diluted (loss) earnings per common share:
Continuing operations	$	0.47		$	1.17		$	1.06
Discontinued operations	(0.58		)	(0.19		)	(0.04		)
Net (loss) income	$	(0.11	)	$	0.98		$	1.02