Earnings Per Share

9 Months Ended

Sep. 30, 2014

Earnings Per Share [Abstract]

Earnings Per Share

Note 11 - Earnings Per Share

The following table sets forth the reconciliation of the numerator and the denominator of basic earnings per share and diluted earnings per share for the three and nine months ended September 30, 2014 and 2013:

	Three Months Ended September 30,					Nine Months Ended September 30,
	2014			2013		2014		2013
Numerator:
Net income (loss) from continuing operations attributable to The Timken Company	$	(10.9	)	$	34.5	$	105.6	$	141.5
Less: undistributed earnings allocated to nonvested stock	—			—		—		0.1
Net income (loss) from continuing operations available to common shareholders for basic earnings per share and diluted earnings per share	$	(10.9	)	$	34.5	$	105.6	$	141.4
Denominator:
Weighted average number of shares outstanding, basic	89,683,436			94,667,659		90,889,871		95,391,695
Effect of dilutive securities:
Stock options and awards based on the treasury    stock method	—			740,410		820,157		856,516
Weighted average number of shares outstanding,         assuming dilution of stock options and awards	89,683,436			95,408,069		91,710,028		96,248,211
Basic earnings (loss) per share from continuing operations	$	(0.12	)	$	0.36	$	1.16	$	1.48
Diluted earnings (loss) per share from continuing operations	$	(0.12	)	$	0.36	$	1.15	$	1.47

The exercise prices for certain stock options that the Company has awarded exceed the average market price of the Company’s common shares. Such stock options are antidilutive and were not included in the computation of diluted earnings per share. During the three months ended September 30, 2014, all stock options were antidilutive as the Company experienced a loss from continuing operations. There were no antidilutive stock options outstanding for the three months ending September 30, 2013. The antidilutive stock options outstanding during the nine months ended September 30, 2014 and 2013 were 697,670 and 306,767, respectively.