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BASIC AND DILUTED EARNINGS (LOSS) PER COMMON SHARE
 9 Months Ended
Sep. 30, 2014
Earnings Per Share, Basic and Diluted [Abstract]  
BASIC AND DILUTED EARNINGS (LOSS) PER COMMON SHARE
BASIC AND DILUTED EARNINGS (LOSS) PER COMMON SHARE
Shares used in basic earnings (loss) per share are computed using the weighted average number of common shares outstanding during each period. Shares used in diluted earnings (loss) per 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 months ended September 30, 2013 and the nine months ended September 30, 2014 and 2013, 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, 2014, the number of weighted average shares of unvested restricted stock that were not included in the computation of diluted earnings per common share because their effect would be anti-dilutive was de minimis. 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, 2014 and 2013 are as follows:
 
Three Months Ended September 30,
 
Nine Months Ended September 30,
 
2014
 
2013
 
2014
 
2013
Numerator:
 
 
 
 
 
 
 
Income from continuing operations, net of taxes
$
14.2

 
$
11.0

 
$
37.3

 
$
33.6

Income (loss) from discontinued operations, net of taxes
0.4

 
(1.5
)
 
0.9

 
(6.3
)
Net income
$
14.6

 
$
9.5

 
$
38.2

 
$
27.3

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

 
52,356,798

 
52,356,798

 
52,356,798

Effect of dilutive restricted stock
58,165

 
—

 
33,137

 
—

Weighted average common shares outstanding – Diluted
52,414,963

 
52,356,798

 
52,389,935

 
52,356,798

Basic earnings (loss) per common share:
 
 
 
 
 
 
 
Continuing operations
$
0.27

 
$
0.21

 
$
0.71

 
$
0.64

Discontinued operations
0.01

 
(0.03
)
 
0.02

 
(0.12
)
Net income
$
0.28

 
$
0.18

 
$
0.73

 
$
0.52

Diluted earnings (loss) per common share:
 
 
 
 
 
 


Continuing operations
$
0.27

 
$
0.21

 
$
0.71

 
$
0.64

Discontinued operations
0.01

 
(0.03
)
 
0.02

 
(0.12
)
Net income
$
0.28

 
$
0.18

 
$
0.73

 
$
0.52