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

3 Months Ended

Mar. 31, 2020

Earnings Per Share, Basic and Diluted [Abstract]

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 shares of Class A Common Stock 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 the respective periods ended March 31, 2020 and 2019, 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 March 31, 2020 and 2019, there were no outstanding stock options under the Company's Stock Plan. See Note 11, "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 March 31,
	2020		2019
Numerator:
Loss from continuing operations, net of taxes	$	(213.9)	$	(75.8)
Income from discontinued operations, net of taxes	—		0.7
Net loss	$	(213.9)	$	(75.1)
Denominator:
Weighted-average common shares outstanding – Basic	53,167,453		52,913,388
Effect of dilutive restricted stock and RSUs	—		—
Weighted-average common shares outstanding – Diluted	53,167,453		52,913,388
Basic and Diluted (loss) earnings per common share:
Continuing operations	$	(4.02)	$	(1.43)
Discontinued operations	—		0.01
Net loss per common share	$	(4.02)	$	(1.42)





Unvested restricted stock and RSUs under the Stock Plan^(a)	300,787		571,069

^(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.