EARNINGS PER SHARE (EPS) (Tables)

3 Months Ended

Mar. 31, 2014

Earnings Per Share [Abstract]

Computation of Basic and Diluted Earnings per Common Share

The following table sets forth the computation of basic and diluted earnings per common share for the three months ended March 31, 2014 and 2013 (in thousands, except net earnings in millions and per share amounts):

	Three Months Ended March 31,
	2014		2013
Numerator:
Earnings from continuing operations	$	55.9	$	8.7
Earnings from discontinued operations, net of tax	—		26.9
Net earnings attributable to Cytec Industries Inc.	$	55.9	$	35.6
Denominator:
Weighted average shares outstanding	35,946		45,018
Effect of dilutive shares:
Options and stock-settled SARS	587		721
Non-vested shares and units	115		114
Diluted average shares outstanding	36,648		45,853
Basic earnings per common share:
Earnings from continuing operations	$	1.55	$	0.19
Earnings from discontinued operations	—		0.60
Net earnings per common share attributable to Cytec Industries Inc.	$	1.55	$	0.79
Diluted earnings per common share:
Earnings from continuing operations	$	1.52	$	0.19
Earnings from discontinued operations	—		0.59
Net earnings per common share attributable to Cytec Industries Inc.	$	1.52	$	0.78

Anti-Dilutive Shares/Units

The following table sets forth the anti-dilutive shares/units excluded from the above calculation because their inclusion would have had an anti-dilutive effect on earnings per share (in thousands):

	Three Months Ended March 31,
	2014	2013
Options	128	195
Stock-settled SARS	—	—
Non-vested shares/units	—	—
Total	128	195