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Income (Loss) per Common Share
 6 Months Ended
Jun. 30, 2018
Earnings Per Share [Abstract]  
Income (Loss) per Common Share
Income (Loss) per Common Share
Basic income (loss) per common share is calculated using the weighted average number of shares outstanding for the period. Unvested restricted stock and treasury shares are excluded from the calculation of basic weighted average number of common shares outstanding. Once restricted stock vests, it is included in our common shares outstanding.
Diluted income (loss) per common share is computed on the basis of the weighted average shares outstanding plus the dilutive effect of our stock-based compensation plans using the “treasury stock” method. Since the exercise price of our stock options is greater than the average market price of the Company’s common stock for the period, we did not include dilutive common equivalent shares for these instruments in the computation of diluted net income (loss) per share because the effect would have been anti-dilutive.
The following table sets forth the computation of the weighted average basic and diluted income (loss) per share:
 
 
Three Months Ended
 
Six Months Ended
 
 
June 30,
 
June 30,
(In millions, except for per share amounts)
 
2018
 
2017
 
2018
 
2017
Numerator:
 
 
 
 
 
 
 
 
Loss from continuing operations
 
$
(2.3
)
 
$
(5.9
)
 
$
(3.6
)
 
$
(13.2
)
Less: loss attributable to noncontrolling interest
 
(0.3
)
 
(2.0
)
 
(0.3
)
 
(3.5
)
Net loss from continuing operations attributable to GlassBridge Enterprises, Inc.
 
(2.0
)
 
(3.9
)
 
(3.3
)
 
(9.7
)
Income (loss) from discontinued operations, net of income taxes
 
0.7

 
(1.2
)
 
0.3

 
(3.2
)
Net loss attributable to GlassBridge Enterprises, Inc.
 
$
(1.3
)
 
$
(5.1
)
 
$
(3.0
)
 
$
(12.9
)
Denominator:
 
 
 
 
 
 
 
 
Weighted average number of common shares outstanding during the period - basic and diluted
 
5.1

 
5.0

 
5.1

 
4.5

 
 
 
 
 
 
 
 
 
Income (loss) per common share attributable to GlassBridge common shareholders — basic and diluted:
 
 
 
 
 
 
 
 
Continuing operations
 
$
(0.39
)
 
$
(0.78
)
 
$
(0.65
)
 
$
(2.16
)
Discontinued operations
 
0.14

 
(0.24
)
 
0.06

 
(0.71
)
Net loss
 
$
(0.25
)
 
$
(1.02
)
 
$
(0.59
)
 
$
(2.87
)
 
 
 
 
 
 
 
 
 
Anti-dilutive shares excluded from calculation
 
0.4

 
0.3

 
0.3

 
0.3