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Earnings per Share (Tables)
 6 Months Ended
Jun. 30, 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
June 30,
 
Six Months Ended
June 30,
 
2015
 
2014
 
2015
 
2014
Basic Earnings per Share:
 
 
 
 
 
 
 
Net income from continuing operations attributable to Xerox
$
107

 
$
255

 
$
298

 
$
521

Accrued dividends on preferred stock
(6
)
 
(6
)
 
(12
)
 
(12
)
Adjusted Net Income From Continuing Operations Available to Common Shareholders
101

 
249

 
286

 
509

Net (Loss) income from discontinued operations attributable to Xerox
(95
)
 
11

 
(61
)
 
26

Adjusted Net Income Available to Common Shareholders
$
6

 
$
260

 
$
225

 
$
535

 
 
 
 
 
 
 
 
Weighted average common shares outstanding
1,087,720

 
1,160,842

 
1,098,370

 
1,170,177

Basic Earnings per Share:
 
 
 
 
 
 
 
Continuing operations
$
0.09

 
$
0.21

 
$
0.26

 
$
0.43

Discontinued operations
(0.08
)
 
0.01

 
(0.06
)
 
0.03

Total
$
0.01

 
$
0.22

 
$
0.20

 
$
0.46

 
 
 
 
 
 
 
 
Diluted Earnings per Share:
 
 
 
 
 
 
 
Net income from continuing operations attributable to Xerox
$
107

 
$
255

 
$
298

 
$
521

Accrued dividends on preferred stock
(6
)
 
(6
)
 
(12
)
 
(12
)
Adjusted Net Income From Continuing Operations Available to Common Shareholders
$
101

 
$
249

 
$
286

 
$
509

Net (Loss) income from discontinued operations attributable to Xerox
(95
)
 
11

 
(61
)
 
26

Adjusted Net Income Available to Common Shareholders
$
6

 
$
260

 
$
225

 
$
535

 
 
 
 
 
 
 
 
Weighted average common shares outstanding
1,087,720

 
1,160,842

 
1,098,370

 
1,170,177

Common shares issuable with respect to:
 
 
 
 
 
 
 
Stock options
1,409

 
3,116

 
1,615

 
3,369

Restricted stock and performance shares
16,140

 
16,801

 
15,300

 
15,792

Convertible preferred stock
—

 
—

 
—

 
—

Adjusted Weighted Average Common Shares Outstanding
1,105,269

 
1,180,759

 
1,115,285

 
1,189,338

Diluted Earnings per Share:
 
 
 
 
 
 
 
Continuing operations
$
0.09

 
$
0.21

 
$
0.26

 
$
0.43

Discontinued operations
(0.08
)
 
0.01

 
(0.06
)
 
0.02

Total
$
0.01

 
$
0.22

 
$
0.20

 
$
0.45

 
 
 
 
 
 
 
 
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
2,590

 
5,566

 
2,384

 
5,313

Restricted stock and performance shares
13,981

 
15,896

 
14,820

 
16,905

Convertible preferred stock
26,966

 
26,966

 
26,966

 
26,966

Total Anti-Dilutive Securities
43,537

 
48,428

 
44,170

 
49,184

 
 
 
 
 
 
 
 
Dividends per Common Share
$
0.0700

 
$
0.0625

 
$
0.1400

 
$
0.1250