BASIC AND DILUTED EARNINGS PER COMMON SHARE

3 Months Ended

Mar. 31, 2013

Earnings Per Share, Basic and Diluted [Abstract]

BASIC AND DILUTED EARNINGS PER COMMON SHARE

BASIC AND DILUTED (LOSS) EARNINGS PER COMMON SHARE

Shares used in basic (loss) earnings per share are computed using the weighted average number of common shares outstanding during each period. Shares used in diluted (loss) earnings 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 March 31, 2013 and 2012, 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 (loss) earnings per share in the future were excluded from the calculation of diluted (loss) earnings per common share as their effect would be anti-dilutive, as in each case their exercise price was in excess of the NYSE closing price of the Class A Common Stock at all times during these periods.

For the three months ended March 31, 2012, 9,900 weighted average shares of unvested restricted stock that could potentially dilute basic (loss) earnings per share in the future were excluded from the calculation of diluted (loss) earnings per common share as their effect would be anti-dilutive. For the three months ended March 31, 2013, there were no shares of unvested restricted stock outstanding.

The components of basic and diluted (loss) earnings per share for the three months ended March 31, 2013 and 2012 are as follows:

	Three Months Ended March 31,
	2013			2012
Numerator:
Net (loss) income	$	(6.9	)	$	8.5
Denominator:
Weighted average common shares outstanding – Basic	52,356,798			52,331,343
Effect of dilutive restricted stock	—			25,501
Weighted average common shares outstanding – Diluted	52,356,798			52,356,844
(Loss) earnings per share:
Basic (loss) earnings per share	$	(0.13	)	$	0.16
Diluted (loss) earnings per share	$	(0.13	)	$	0.16