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Earnings per Share (Tables)
3 Months Ended
Mar. 31, 2015
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,
 
2015
 
2014
Basic Earnings per Share:
 
 
 
Net income from continuing operations attributable to Xerox
$
191

 
$
266

Accrued dividends on preferred stock
(6
)
 
(6
)
Adjusted Net Income From Continuing Operations Available to Common Shareholders
185

 
260

Net income from discontinued operations attributable to Xerox
34

 
15

Adjusted Net Income Available to Common Shareholders
$
219

 
$
275

 
 
 
 
Weighted average common shares outstanding
1,109,999

 
1,178,828

Basic Earnings per Share:
 
 
 
Continuing operations
$
0.17

 
$
0.22

Discontinued operations
0.03

 
0.01

Total
$
0.20

 
$
0.23

 
 
 
 
Diluted Earnings per Share:
 
 
 
Net income from continuing operations attributable to Xerox
$
191

 
$
266

Accrued dividends on preferred stock
(6
)
 
(6
)
Adjusted Net Income From Continuing Operations Available to Common Shareholders
$
185

 
$
260

Net income from discontinued operations attributable to Xerox
34

 
15

Adjusted Net Income Available to Common Shareholders
$
219

 
$
275

 
 
 
 
Weighted average common shares outstanding
1,109,999

 
1,178,828

Common shares issuable with respect to:
 
 
 
Stock options
1,879

 
3,580

Restricted stock and performance shares
14,740

 
15,021

Convertible preferred stock

 

Convertible securities

 
332

Adjusted Weighted Average Common Shares Outstanding
1,126,618

 
1,197,761

Diluted Earnings per Share:
 
 
 
Continuing operations
$
0.16

 
$
0.22

Discontinued operations
0.03

 
0.01

Total
$
0.19

 
$
0.23

 
 
 
 
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:
Stock options
2,716

 
7,742

Restricted stock and performance shares
16,730

 
19,183

Convertible preferred stock
26,966

 
26,966

Total Anti-Dilutive Securities
46,412

 
53,891

 
 
 
 
Dividends per Common Share
$
0.0700

 
$
0.0625