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Earnings Per Share
 9 Months Ended
Sep. 30, 2015
Earnings Per Share [Abstract]  
EARNINGS PER SHARE
EARNINGS PER SHARE
Basic and diluted earnings per share are computed using the two-class method. There is no difference between the calculated earnings per share amounts attributable to Invesco Ltd. and the calculated earnings per share amounts under the two-class method.

The calculation of earnings per share is as follows:
 
For the three months ended September 30,
 
For the nine months ended September 30,
In millions, except per share data
2015
 
2014
 
2015
 
2014
Income from continuing operations, net of taxes

$241.3

 

$252.2

 

$769.3

 

$777.6

Net (income)/loss attributable to noncontrolling interests in consolidated entities
8.0

 
4.4

 
(3.1
)
 
(56.9
)
Income from continuing operations attributable to Invesco Ltd. for basic and diluted EPS calculations
249.3

 
256.6

 
766.2

 
720.7

Income/(loss) from discontinued operations, net of taxes
—

 
(0.6
)
 
—

 
(2.4
)
Net income attributable to Invesco Ltd.
249.3

 
256.0

 
766.2

 
718.3

Less: Allocation of earnings to restricted shares
(6.3
)
 
(6.9
)
 
(19.6
)
 
(20.5
)
Net income attributable to common shareholders

$243.0

 

$249.1

 

$746.6

 

$697.8

 
 
 
 
 
 
 
 
Invesco Ltd:
 
 
 
 
 
 
 
Weighted average shares outstanding - basic
428.8

 
434.3

 
430.9

 
435.6

Dilutive effect of non-participating share-based awards
0.3

 
0.5

 
0.4

 
0.6

Weighted average shares outstanding - diluted
429.1

 
434.8

 
431.3

 
436.2

 
 
 
 
 
 
 
 
Common shareholders:
 
 
 
 
 
 
 
Weighted average shares outstanding - basic
428.8

 
434.3

 
430.9

 
435.6

Less: Weighted average restricted shares
(10.8
)
 
(11.7
)
 
(11.0
)
 
(12.5
)
Weighted average common shares outstanding - basic
418.0

 
422.6

 
419.9

 
423.1

Dilutive effect of non-participating share-based awards
0.3

 
0.5

 
0.4

 
0.6

Weighted average common shares outstanding - diluted
418.3

 
423.1

 
420.3

 
423.7

 
 
 
 
 
 
 
 
Basic earnings per share:
 
 
 
 
 
 
 
Earnings per share from continuing operations

$0.58

 

$0.59

 

$1.78

 

$1.65

Earnings per share from discontinued operations

$—

 

$—

 

$—

 

($0.01
)
Basic earnings per share

$0.58

 

$0.59

 

$1.78

 

$1.65

 
 
 
 
 
 
 
 
Diluted earnings per share:
 
 
 
 
 
 
 
Earnings per share from continuing operations

$0.58

 

$0.59

 

$1.78

 

$1.65

Earnings per share from discontinued operations

$—

 

$—

 

$—

 

($0.01
)
Diluted earnings per share

$0.58

 

$0.59

 

$1.78

 

$1.65


See Note 7, “Share-Based Compensation,” for a summary of share awards outstanding under the company's share-based compensation programs. These programs could result in the issuance of common shares from time-to-time that would affect the measurement of basic and diluted earnings per share.
There were no antidilutive options excluded from the computation of diluted earnings per share in the nine months ended September 30, 2015 (nine months ended September 30, 2014: none). Antidilutive options are those where the options' exercise prices are greater than the average market price of the shares.
There were no time-vested based awards that were excluded from the computation of diluted earnings per share during the nine months ended September 30, 2015 and 2014, due to their inclusion being anti-dilutive. There were 0.4 million contingently issuable shares excluded from the diluted earnings per share computation during the nine months ended September 30, 2015 (nine months ended September 30, 2014: 0.3 million), because the necessary performance conditions for the shares to be issuable had not yet been satisfied at the end of the respective period.