XML 43 R25.htm IDEA: XBRL DOCUMENT v3.19.3
BASIC AND DILUTED EARNINGS PER COMMON SHARE
 9 Months Ended
Sep. 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, TIP RSUs and LTIP RSUs under the Company’s Stock Plan using the treasury stock method. For the nine months ended September 30, 2019, Revlon's diluted loss per share equals basic loss per share, as the assumed vesting of restricted stock, RSUs, TIP RSUs and LTIP RSUs would have an anti-dilutive effect. As of September 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 and TIP RSUs.

Following are the components of Revlon's basic and diluted loss per common share for the periods presented:
 
Three months ended September 30,
 
Nine months ended September 30,
 
2019
 
2018
 
2019
 
2018
Numerator:
 
 
 
 
 
 
 
Loss from continuing operations, net of taxes
$
(44.4
)
 
$
(10.7
)
 
$
(185.5
)
 
$
(223.8
)
(Loss) income from discontinued operations, net of taxes
(0.3
)
 
(0.4
)
 
2.0

 
(0.1
)
Net loss
$
(44.7
)
 
$
(11.1
)
 
$
(183.5
)
 
$
(223.9
)
Denominator:
 
 
 
 
 
 
 
Weighted-average common shares outstanding – Basic
53,129,004

 
52,834,879

 
53,057,154

 
52,777,883

Effect of dilutive restricted stock
—

 
—

 
—

 
—

Weighted-average common shares outstanding – Diluted
53,129,004

 
52,834,879

 
53,057,154

 
52,777,883

Basic loss per common share:
 
 
 
 
 
 
 
Continuing operations
$
(0.84
)
 
$
(0.20
)
 
$
(3.50
)
 
$
(4.24
)
Discontinued operations
—

 
(0.01
)
 
0.04

 
—

Net loss per common share
$
(0.84
)
 
$
(0.21
)
 
$
(3.46
)
 
$
(4.24
)
Diluted loss per common share:


 
 
 
 
 
 
Continuing operations
$
(0.84
)
 
$
(0.20
)
 
$
(3.50
)
 
$
(4.24
)
Discontinued operations
—

 
(0.01
)
 
0.04

 
—

Net loss per common share
$
(0.84
)
 
$
(0.21
)
 
$
(3.46
)
 
$
(4.24
)
 
 
 
 
 
 
 
 
Unvested restricted stock and RSUs under the Stock Plan(a)
314,478

 
197,667

 
406,854

 
165,961


(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.