REVLON, INC. BASIC AND DILUTED EARNINGS (LOSS) PER COMMON SHARE

12 Months Ended

Dec. 31, 2019

Earnings Per Share, Basic and Diluted [Abstract]

REVLON, INC. BASIC AND DILUTED EARNINGS (LOSS) PER COMMON SHARE

REVLON, INC. BASIC AND DILUTED EARNINGS (LOSS) 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, LTIP RSUs and TIP RSUs under the Company’s Stock Plan using the treasury stock method. For 2019 and 2018, Revlon's diluted loss per share equals basic loss per share, as the assumed vesting of restricted stock, LTIP RSUs and TIP RSUs would have an anti-dilutive effect. As of December 31, 2019 and 2018, there were no outstanding stock options under the Company's Stock Plan. See Note 13, "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:

	Year Ended December 31,
	2019		2018
Numerator:
Loss from continuing operations, net of taxes	$	(165.2)	$	(294.1)
Income (loss) from discontinued operations, net of taxes	7.5		(0.1)
Net loss	$	(157.7)	$	(294.2)
Denominator:
Weighted-average common shares outstanding – Basic	53,081,321		52,797,686
Effect of dilutive restricted stock and RSUs	—		—
Weighted-average common shares outstanding – Diluted	53,081,321		52,797,686
Basic and Diluted (loss) earnings per common share:
Continuing operations	$	(3.11)	$	(5.57)
Discontinued operations	0.14		—
Net loss per common share	$	(2.97)	$	(5.57)
Unvested restricted stock and RSUs under the Stock Plan(a)	478,202		272,298

^(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.