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Earnings Per Share
 9 Months Ended
Sep. 30, 2016
Earnings Per Share [Abstract]  
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, 2016 and 2015:
 
Three Months Ended
September 30,
Nine Months Ended
September 30,
 
2016
2015
2016
2015
Numerator:
 
 
 
 
Net income (loss) attributable to The Timken Company
$
20.6

$
63.4

$
128.5

$
(35.1
)
  Less: undistributed earnings allocated to nonvested stock
—

—

—

—

Net income (loss) available to common shareholders for basic
earnings per share and diluted earnings per share
$
20.6

$
63.4

$
128.5

$
(35.1
)
Denominator:
 
 
 
 
Weighted average number of shares outstanding, basic
77,935,783

83,671,931

78,808,179

85,578,800

Effect of dilutive securities:
 
 
 
 
Stock options and awards based on the treasury stock method
681,693

473,820

663,577

—

  Weighted average number of shares outstanding, assuming dilution
of stock options and awards
78,617,476

84,145,751

79,471,756

85,578,800

Basic earnings (loss) per share
$
0.26

$
0.76

$
1.63

$
(0.41
)
Diluted earnings (loss) per share
$
0.26

$
0.75

$
1.62

$
(0.41
)


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. The antidilutive stock options outstanding during the three months ended September 30, 2016 and 2015, were 2,706,711 and 2,761,824, respectively. During the nine months ended September 30, 2016, the antidilutive stock options outstanding were 3,080,133. During the nine months ended September 30, 2015, the Company incurred a net loss and therefore treated all stock options and restricted stock units as antidilutive.