XML 26 R37.htm IDEA: XBRL DOCUMENT v2.4.0.8
Earnings per Share (Tables)
3 Months Ended
Mar. 31, 2014
Earnings Per Share [Abstract]  
Basic and Diluted Earnings per Share
The following table sets forth the computation of basic and diluted earnings per share of common stock (shares in thousands):
 
Three Months Ended
March 31,
 
2014
 
2013
Basic Earnings per Share:
 
 
 
Net income from continuing operations attributable to Xerox
$
279

 
$
293

Accrued dividends on preferred stock
(6
)
 
(6
)
Adjusted Net Income From Continuing Operations Available to Common Shareholders
273

 
287

Net income from discontinued operations attributable to Xerox
2

 
3

Adjusted Net Income Available to Common Shareholders
$
275

 
$
290

Weighted-average common shares outstanding
1,178,828

 
1,225,271

Basic Earnings per Share:
 
 
 
Continuing operations
$
0.23

 
$
0.23

Discontinued operations

 

Total
$
0.23

 
$
0.23

 
 
 
 
Diluted Earnings per Share:
 
 
 
Net income from continuing operations attributable to Xerox
$
279

 
$
293

Accrued dividends on preferred stock

 

Interest on convertible securities, net

 

Adjusted Net Income From Continuing Operations Available to Common Shareholders
$
279

 
$
293

Net income from discontinued operations attributable to Xerox
2

 
3

Adjusted Net Income Available to Common Shareholders
$
281

 
$
296

Weighted-average common shares outstanding
1,178,828

 
1,225,271

Common shares issuable with respect to:
 
 
 
Stock options
3,580

 
4,854

Restricted stock and performance shares
15,021

 
21,372

Convertible preferred stock
26,966

 
26,966

Convertible securities
332

 
1,992

Adjusted Weighted Average Common Shares Outstanding
1,224,727

 
1,280,455

Diluted Earnings per Share:
 
 
 
Continuing operations
$
0.23

 
$
0.23

Discontinued operations

 

Total
$
0.23

 
$
0.23

 
 
 
 
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
7,742

 
25,230

Restricted stock and performance shares
19,183

 
18,412

Total Anti-Dilutive Securities
26,925

 
43,642

 
 
 
 
Dividends per Common Share
$
0.0625

 
$
0.0575