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BASIC AND DILUTED EARNINGS PER COMMON SHARE
6 Months Ended
Jun. 30, 2019
Earnings Per Share, Basic and Diluted [Abstract]  
BASIC AND DILUTED EARNINGS PER COMMON SHARE
REVLON, INC. BASIC AND DILUTED EARNINGS PER COMMON SHARE
Shares used in calculating Revlon's basic loss per share are computed using the weighted-average number of Revlon's common shares outstanding during each period. Shares used in diluted loss per share include the dilutive effect of unvested restricted stock, RSUs and LTIP RSUs under the Company’s Stock Plan using the treasury stock method. For the six months ended June 30, 2019, Revlon's diluted loss per share equals basic loss per share, as the assumed vesting of restricted stock, RSUs and LTIP RSUs would have an anti-dilutive effect. As of June 30, 2019 and 2018, there were no outstanding stock options under the Company's Stock Plan. See Note 12, "Stock Compensation Plan," for information on the LTIP RSUs.

Following are the components of Revlon's basic and diluted loss per common share for the periods presented:
 
Three months ended June 30,
 
Six months ended June 30,
 
2019
 
2018
 
2019
 
2018
Numerator:
 
 
 
 
 
 
 
Loss from continuing operations, net of taxes
$
(65.3
)
 
$
(121.4
)
 
$
(141.1
)
 
$
(213.1
)
Income (loss) from discontinued operations, net of taxes
1.6

 
(1.1
)
 
2.3

 
0.3

Net loss
$
(63.7
)
 
$
(122.5
)
 
$
(138.8
)
 
$
(212.8
)
Denominator:
 
 
 
 
 
 
 
Weighted-average common shares outstanding – Basic
53,126,700

 
52,823,326

 
53,020,633

 
52,748,913

Effect of dilutive restricted stock

 

 

 

Weighted-average common shares outstanding – Diluted
53,126,700

 
52,823,326

 
53,020,633

 
52,748,913

Basic loss per common share:
 
 
 
 
 
 
 
Continuing operations
$
(1.23
)
 
$
(2.30
)
 
$
(2.66
)
 
$
(4.04
)
Discontinued operations
0.03

 
(0.02
)
 
0.04

 
0.01

Net loss per common share
$
(1.20
)
 
$
(2.32
)
 
$
(2.62
)
 
$
(4.03
)
Diluted loss per common share:


 
 
 
 
 
 
Continuing operations
$
(1.23
)
 
$
(2.30
)
 
$
(2.66
)
 
$
(4.04
)
Discontinued operations
0.03

 
(0.02
)
 
0.04

 
0.01

Net loss per common share
$
(1.20
)
 
$
(2.32
)
 
$
(2.62
)
 
$
(4.03
)
 
 
 
 
 
 
 
 
Unvested restricted stock and RSUs under the Stock Plan(a)
304,608

 
10,733

 
445,525

 
53,981


(a) 
These are outstanding common stock equivalents that were not included in the computation of Revlon's diluted earnings per common share because their inclusion would have had an anti-dilutive effect.