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Earnings per Share
 12 Months Ended
Dec. 31, 2014
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,
 
 
2014
 
2013
 
2012
Basic Earnings per Share:
 
 
 
 
 
 
Net income from continuing operations attributable to Xerox
 
$
1,084

 
$
1,139

 
$
1,152

Accrued dividends on preferred stock
 
(24
)
 
(24
)
 
(24
)
Net Income From Continuing Operations Available to Common Shareholders
 
$
1,060

 
$
1,115

 
$
1,128

Net (loss) income from discontinued operations attributable to Xerox
 
(115
)
 
20

 
43

Adjusted Net Income Available to Common Shareholders
 
$
945

 
$
1,135

 
$
1,171

Weighted-average common shares outstanding
 
1,154,365

 
1,225,486

 
1,302,053

Basic Earnings (Loss) per Share:
 
 
 
 
 
 
Continuing operations
 
$
0.92

 
$
0.91

 
$
0.87

Discontinued operations
 
(0.10
)
 
0.02

 
0.03

Basic Earnings per Share
 
$
0.82

 
$
0.93

 
$
0.90

 
 
 
 
 
 
 
Diluted Earnings per Share:
 
 
 
 
 
 
Net income from continuing operations attributable to Xerox
 
$
1,084

 
$
1,139

 
$
1,152

Accrued dividends on preferred stock
 
—

 
—

 
(24
)
Interest on Convertible Securities, net
 
—

 
1

 
1

Adjusted Net Income From Continuing Operations Available to Common Shareholders
 
$
1,084

 
$
1,140

 
$
1,129

Net (loss) income from discontinued operations attributable to Xerox
 
(115
)
 
20

 
43

Adjusted Net Income Available to Common Shareholders
 
$
969

 
$
1,160

 
$
1,172

Weighted-average common shares outstanding
 
1,154,365

 
1,225,486

 
1,302,053

Common shares issuable with respect to:
 
 
 
 
 
 
Stock options
 
2,976

 
5,401

 
4,335

Restricted stock and performance shares
 
14,256

 
13,931

 
20,804

Convertible preferred stock
 
26,966

 
26,966

 
—

Convertible securities
 
—

 
1,743

 
1,992

Adjusted Weighted Average Common Shares Outstanding
 
1,198,563

 
1,273,527

 
1,329,184

 
 
 
 
 
 
 
Diluted Earnings (Loss) per Share:
 
 
 
 
 
 
Continuing operations
 
$
0.90

 
$
0.89

 
$
0.85

Discontinued operations
 
(0.09
)
 
0.02

 
0.03

Diluted Earnings per Share
 
$
0.81

 
$
0.91

 
$
0.88

 
 
 
 
 
 
 
The following securities were not included in the computation of diluted earnings per share as they were either contingently issuable shares or shares that if included would have been anti-dilutive (shares in thousands):
Stock Options
 
3,139

 
8,798

 
29,397

Restricted stock and performance shares
 
17,987

 
12,411

 
23,430

Convertible preferred stock
 
—

 
—

 
26,966

Total Anti-Dilutive Securities
 
21,126

 
21,209

 
79,793

 
 
 
 
 
 
 
Dividends per Common Share
 
$
0.25

 
$
0.23

 
$
0.17