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Earnings (Loss) per Common Share
9 Months Ended
Sep. 30, 2011
Earnings (Loss) per Common Share [Abstract] 
Earnings Per Share [Text Block]
Earnings (Loss) per Common Share
Basic earnings per share is calculated using the weighted average number of shares outstanding for the period. Diluted earnings per share is computed on the basis of the weighted average basic shares outstanding plus the dilutive effect of our stock-based compensation plans using the “treasury stock” method. Unvested restricted stock and treasury shares are excluded from the calculation of weighted average number of common shares outstanding because they do not participate in dividends. Once restricted stock vests, it is included in our common shares outstanding.
The following table sets forth the computation of the weighted average basic and diluted income (loss) per share:
 
 
Three Months Ended
 
Nine Months Ended
 
 
September 30,
 
September 30,
(In millions)
 
2011
 
2010
 
2011
 
2010
Numerator:
 
 
 
 
 
 
 
 
Loss from continuing operations
 
$
(14.1
)
 
$
(2.3
)
 
$
(33.8
)
 
$
(20.5
)
(Loss) income from discontinued operations
 
—

 
(0.1
)
 
—

 
(0.2
)
Net loss
 
$
(14.1
)
 
$
(2.4
)
 
$
(33.8
)
 
$
(20.7
)
Denominator:
 
 
 
 
 
 
 
 
Weighted average number of common shares outstanding during the period
 
37.5

 
37.9

 
37.8

 
37.8

Dilutive effect of stock-based compensation plans
 
—

 
—

 
—

 
—

Weighted average number of diluted shares outstanding during the period
 
37.5

 
37.9

 
37.8

 
37.8

Basic (loss) earnings per common share:
 
 
 
 
 
 
 
 
Continuing operations
 
$
(0.38
)
 
$
(0.06
)
 
$
(0.89
)
 
$
(0.54
)
Discontinued operations
 
—

 
—

 
—

 
(0.01
)
Net loss
 
(0.38
)
 
(0.06
)
 
(0.89
)
 
(0.55
)
Diluted (loss) earnings per common share:
 
 
 
 
 
 
 
 
Continuing operations
 
$
(0.38
)
 
$
(0.06
)
 
$
(0.89
)
 
$
(0.54
)
Discontinued operations
 
—

 
—

 
—

 
(0.01
)
Net loss
 
(0.38
)
 
(0.06
)
 
(0.89
)
 
(0.55
)
Anti-dilutive options excluded from calculation
 
6.2

 
5.5

 
5.0

 
4.9

Earnings per share amounts for continuing operations, discontinued operations and net loss, as presented on the Condensed Consolidated Statements of Operations, are calculated individually and may not sum due to rounding differences.