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Earnings per Common Share
3 Months Ended
Mar. 31, 2017
Earnings per Common Share  
Earnings per Common Share

9.            Earnings per Common Share

 

The following table provides the computation of basic and diluted earnings per common share ("EPS") for the periods presented.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

    

 

Three Months Ended March 31, 2017

    

Three Months Ended March 31, 2016

 

 

 

Net Income

 

 

 

 

 

 

Net Income

 

 

 

 

 

 

 

 

Available

 

Weighted

 

 

 

 

Available

 

Weighted

 

 

 

 

 

 

to Ingredion

 

Average Shares

 

Per Share

 

to Ingredion

 

Average Shares

 

Per Share

 

(in millions, except per share amounts)

   

(Numerator)

    

(Denominator)

    

Amount

    

(Numerator)

    

(Denominator)

    

Amount

 

 

    

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Basic EPS

 

$

124

 

72.2

 

$

1.72

 

$

130

 

72.0

 

$

1.81

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Effect of Dilutive Securities:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Incremental shares from assumed exercise of dilutive stock options and vesting of dilutive RSUs and other awards

 

 

 

 

1.5

 

 

 

 

 

 

 

1.6

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Diluted EPS

 

$

124

 

73.7

 

$

1.68

 

$

130

 

73.6

 

$

1.77

 

 

For both the first quarter 2017 and 2016,  approximately 0.3 million share-based awards of common stock were excluded from the calculation of diluted EPS as the impact of their inclusion would have been anti-dilutive.