XML 118 R63.htm IDEA: XBRL DOCUMENT v2.4.1.9
EARNINGS PER SHARE (Computation of Basic and Diluted Earnings Per Common Share) (Detail) (USD $)
In Millions, except Share data in Thousands, unless otherwise specified
3 Months Ended 12 Months Ended
Dec. 31, 2014
Sep. 30, 2014
Jun. 30, 2014
Mar. 31, 2014
Dec. 31, 2013
Sep. 30, 2013
Jun. 30, 2013
Mar. 31, 2013
Dec. 31, 2014
Dec. 31, 2013
Dec. 31, 2012
Numerator:                      
Earnings from continuing operations                 $ 144.1us-gaap_IncomeLossFromContinuingOperations $ 171.7us-gaap_IncomeLossFromContinuingOperations $ 75.7us-gaap_IncomeLossFromContinuingOperations
Earnings from discontinued operations, net of tax                 9.7cyt_IncomeLossFromDiscontinuedOperationsNetOfNoncontrollingInterestsNetOfTax 1.8cyt_IncomeLossFromDiscontinuedOperationsNetOfNoncontrollingInterestsNetOfTax 99.2cyt_IncomeLossFromDiscontinuedOperationsNetOfNoncontrollingInterestsNetOfTax
Net earnings attributable to Cytec Industries Inc. $ (29.3)us-gaap_NetIncomeLoss $ 53.6us-gaap_NetIncomeLoss $ 73.6us-gaap_NetIncomeLoss $ 55.9us-gaap_NetIncomeLoss $ 59.4us-gaap_NetIncomeLoss $ 43.8us-gaap_NetIncomeLoss $ 34.6us-gaap_NetIncomeLoss $ 35.6us-gaap_NetIncomeLoss $ 153.8us-gaap_NetIncomeLoss [1] $ 173.5us-gaap_NetIncomeLoss [1] $ 174.9us-gaap_NetIncomeLoss
Denominator:                      
Weighted average shares outstanding                 72,155us-gaap_WeightedAverageNumberOfSharesOutstandingBasic 78,839us-gaap_WeightedAverageNumberOfSharesOutstandingBasic 92,067us-gaap_WeightedAverageNumberOfSharesOutstandingBasic
Diluted average shares outstanding                 73,375us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding 80,368us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding 93,573us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding
Basic earnings per common share:                      
Basic EPS from continuing operations (in usd per share)                 $ 2.00us-gaap_IncomeLossFromContinuingOperationsPerBasicShare $ 2.18us-gaap_IncomeLossFromContinuingOperationsPerBasicShare $ 0.82us-gaap_IncomeLossFromContinuingOperationsPerBasicShare
Basic EPS from discontinued operations (in usd per share)                 $ 0.13us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare $ 0.02us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare $ 1.08us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare
Net earnings per common share attributable to Cytec Industries Inc. $ (0.41)us-gaap_EarningsPerShareBasic [2] $ 0.74us-gaap_EarningsPerShareBasic [2] $ 1.02us-gaap_EarningsPerShareBasic [2] $ 0.78us-gaap_EarningsPerShareBasic [2] $ 0.83us-gaap_EarningsPerShareBasic [2] $ 0.60us-gaap_EarningsPerShareBasic [2] $ 0.42us-gaap_EarningsPerShareBasic [2] $ 0.40us-gaap_EarningsPerShareBasic [2] $ 2.13us-gaap_EarningsPerShareBasic [1],[2] $ 2.20us-gaap_EarningsPerShareBasic [1],[2] $ 1.90us-gaap_EarningsPerShareBasic
Diluted earnings per common share:                      
Diluted EPS from continuing operations (in usd per share)                 $ 1.96us-gaap_IncomeLossFromContinuingOperationsPerDilutedShare $ 2.14us-gaap_IncomeLossFromContinuingOperationsPerDilutedShare $ 0.81us-gaap_IncomeLossFromContinuingOperationsPerDilutedShare
Diluted EPS from discontinued operations (in usd per share)                 $ 0.13us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare $ 0.02us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare $ 1.06us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare
Net earnings per common share attributable to Cytec Industries Inc. $ (0.41)us-gaap_EarningsPerShareDiluted [2] $ 0.73us-gaap_EarningsPerShareDiluted [2] $ 1.00us-gaap_EarningsPerShareDiluted [2] $ 0.76us-gaap_EarningsPerShareDiluted [2] $ 0.81us-gaap_EarningsPerShareDiluted [2] $ 0.59us-gaap_EarningsPerShareDiluted [2] $ 0.42us-gaap_EarningsPerShareDiluted [2] $ 0.39us-gaap_EarningsPerShareDiluted [2] $ 2.09us-gaap_EarningsPerShareDiluted [1],[2] $ 2.16us-gaap_EarningsPerShareDiluted [1],[2] $ 1.87us-gaap_EarningsPerShareDiluted
Options And Stock-settled SARS Activity                      
Denominator:                      
Effect of dilutive shares:                 1,015us-gaap_IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
/ us-gaap_AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareByAntidilutiveSecuritiesAxis
= cyt_OptionsAndStockSettledSarsActivityMember
1,308us-gaap_IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
/ us-gaap_AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareByAntidilutiveSecuritiesAxis
= cyt_OptionsAndStockSettledSarsActivityMember
1,247us-gaap_IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
/ us-gaap_AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareByAntidilutiveSecuritiesAxis
= cyt_OptionsAndStockSettledSarsActivityMember
Non Vested Stock And Stock Units                      
Denominator:                      
Effect of dilutive shares:                 205us-gaap_IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
/ us-gaap_AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareByAntidilutiveSecuritiesAxis
= cyt_NonVestedStockAndStockUnitsMember
221us-gaap_IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
/ us-gaap_AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareByAntidilutiveSecuritiesAxis
= cyt_NonVestedStockAndStockUnitsMember
259us-gaap_IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
/ us-gaap_AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareByAntidilutiveSecuritiesAxis
= cyt_NonVestedStockAndStockUnitsMember
[1] The sum of the quarters’ financial results may not equal financial results for the full year due to rounding.
[2] The sum of the quarters may not equal the full year basic and diluted net earnings per share since each period is calculated separately.