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Earnings per Share
 12 Months Ended
Dec. 31, 2013
Earnings Per Share [Abstract]  
Earnings per Share
Earnings per Share
The following table sets forth the computation of basic and diluted earnings per share of common stock (shares in thousands):
 
 
Year Ended December 31,
 
 
2013
 
2012
 
2011
Basic Earnings per Share:
 
 
 
 
 
 
Net income from continuing operations attributable to Xerox
 
$
1,185

 
$
1,184

 
$
1,274

Accrued dividends on preferred stock
 
(24
)
 
(24
)
 
(24
)
Net Income From Continuing Operations Available to Common Shareholders
 
$
1,161

 
$
1,160

 
$
1,250

Net (loss) income from discontinued operations attributable to Xerox
 
(26
)
 
11

 
21

Adjusted Net Income Available to Common Shareholders
 
$
1,135

 
$
1,171

 
$
1,271

Weighted-average common shares outstanding
 
1,225,486

 
1,302,053

 
1,388,096

Basic Earnings (Loss) per Share:
 
 
 
 
 
 
Continuing operations
 
$
0.95

 
$
0.89

 
$
0.90

Discontinued operations
 
(0.02
)
 
0.01

 
0.02

Total Basic Earnings per Share
 
$
0.93

 
$
0.90

 
$
0.92

 
 
 
 
 
 
 
Diluted Earnings per Share:
 
 
 
 
 
 
Net income from continuing operations attributable to Xerox
 
$
1,185

 
$
1,184

 
$
1,274

Accrued dividends on preferred stock
 
—

 
(24
)
 
—

Interest on convertible securities, net
 
1

 
1

 
1

Adjusted Net Income From Continuing Operations Available to Common Shareholders
 
$
1,186

 
$
1,161

 
$
1,275

Net (loss) income from discontinued operations attributable to Xerox
 
(26
)
 
11

 
21

Adjusted Net Income Available to Common Shareholders
 
$
1,160

 
$
1,172

 
$
1,296

Weighted-average common shares outstanding
 
1,225,486

 
1,302,053

 
1,388,096

Common shares issuable with respect to:
 
 
 
 
 
 
Stock options
 
5,401

 
4,335

 
9,727

Restricted stock and performance shares
 
13,931

 
20,804

 
16,993

Convertible preferred stock
 
26,966

 
—

 
26,966

Convertible securities
 
1,743

 
1,992

 
1,992

Adjusted Weighted Average Common Shares Outstanding
 
1,273,527

 
1,329,184

 
1,443,774

 
 
 
 
 
 
 
Diluted Earnings (Loss) per Share:
 
 
 
 
 
 
Continuing operations
 
$
0.93

 
$
0.87

 
$
0.88

Discontinued operations
 
(0.02
)
 
0.01

 
0.02

Total Diluted Earnings per Share
 
$
0.91

 
$
0.88

 
$
0.90

 
 
 
 
 
 
 
The following securities were not included in the computation of diluted earnings per share because to do so would have been anti-dilutive (shares in thousands):
Stock options
 
8,798

 
29,397

 
40,343

Restricted stock and performance shares
 
12,411

 
23,430

 
26,018

Convertible preferred stock
 
—

 
26,966

 
—

Total Anti-Dilutive Securities
 
21,209

 
79,793

 
66,361

 
 
 
 
 
 
 
Dividends per Common Share
 
$
0.23

 
$
0.17

 
$
0.17