XML 46 R37.htm IDEA: XBRL DOCUMENT v2.4.0.8
Net Earnings (Loss) Per Common Share (Tables)
9 Months Ended
Sep. 30, 2013
Calculation of Basic and Diluted Net Earnings (Loss) Per Common Share

The following table shows the calculation of basic and diluted net earnings (loss) per common share under the two-class method.

 

     Three Months Ended     Nine Months Ended  
     September 30,     September 30,  
     2013     2012     2013     2012  

Basic Net Earnings (Loss) Per Common Share:

        

Numerator

        

Net earnings (loss) available to common stockholders

   $ 37.7      $ (1,232.4   $ 96.7      $ (1,252.0

Distributed and allocated undistributed net earnings (loss) to non-vested restricted stockholders

     (0.2     (0.1     (0.5     (0.4
  

 

 

   

 

 

   

 

 

   

 

 

 

Distributed and allocated undistributed net earnings (loss) to common stockholders

     37.5        (1,232.5     96.2        (1,252.4

Distributed net earnings — dividends paid to common stockholders

     (25.3     (25.1     (75.9     (75.3
  

 

 

   

 

 

   

 

 

   

 

 

 

Allocation of undistributed net earnings (loss) to common stockholders

   $ 12.2      $ (1,257.6   $ 20.3      $ (1,327.7
  

 

 

   

 

 

   

 

 

   

 

 

 

Denominator(1)

        

Weighted average number of common shares outstanding — basic

     194.9        193.2        194.5        192.7   

Basic net earnings (loss) per common share:

        

Distributed net earnings (loss) to common stockholders

   $ 0.13      $ 0.13      $ 0.39      $ 0.39   

Allocated undistributed net earnings (loss) to common stockholders

     0.06        (6.51     0.11        (6.89
  

 

 

   

 

 

   

 

 

   

 

 

 

Basic net earnings (loss) per common share:

   $ 0.19      $ (6.38   $ 0.50      $ (6.50
  

 

 

   

 

 

   

 

 

   

 

 

 

Diluted Net Earnings (Loss) Per Common Share:

        

Numerator

        

Distributed and allocated undistributed net earnings (loss) to common stockholders

   $ 37.5      $ (1,232.5   $ 96.2      $ (1,252.4

Add: Allocated undistributed net earnings (loss) to non-vested restricted stockholders

     0.1        —          0.1        —     

Less: Undistributed net earnings (loss) reallocated to non-vested restricted stockholders

     (0.1     —          (0.1     —     
  

 

 

   

 

 

   

 

 

   

 

 

 

Net earnings (loss) available to common stockholders — diluted

   $ 37.5      $ (1,232.5   $ 96.2      $ (1,252.4
  

 

 

   

 

 

   

 

 

   

 

 

 

Denominator(1)

        

Weighted average number of common shares outstanding — basic

     194.9        193.2        194.5        192.7   

Effect of assumed issuance of Settlement agreement shares

     18.0        —          18.0        —     

Effect of non-vested restricted stock units

     0.8        —          0.9        —     
  

 

 

   

 

 

   

 

 

   

 

 

 

Weighted average number of common shares outstanding — diluted

     213.7        193.2        213.4        192.7   
  

 

 

   

 

 

   

 

 

   

 

 

 

Diluted net earnings (loss) per common share

   $ 0.18      $ (6.38   $ 0.45      $ (6.50
  

 

 

   

 

 

   

 

 

   

 

 

 

 

(1) 

In calculating diluted net earnings (loss) per common share for 2012, our diluted weighted average number of common shares outstanding excludes the effect of assumed issuance of shares under the Settlement agreement and non-vested restricted stock units as the effect was anti-dilutive.