XML 13 R39.htm IDEA: XBRL DOCUMENT v3.3.0.814
Earnings per Share (Tables)
 9 Months Ended
Sep. 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
September 30,
 
Nine Months Ended
September 30,
 
2015
 
2014
 
2015
 
2014
Basic (Loss) Earnings per Share:
 
 
 
 
 
 
 
Net (loss) income from continuing operations attributable to Xerox
$
(31
)
 
$
258

 
$
267

 
$
779

Accrued dividends on preferred stock
(6
)
 
(6
)
 
(18
)
 
(18
)
Adjusted Net (Loss) Income From Continuing Operations Available to Common Shareholders
(37
)
 
252

 
249

 
761

Net (loss) income from discontinued operations attributable to Xerox
(3
)
 
8

 
(64
)
 
34

Adjusted Net (Loss) Income Available to Common Shareholders
$
(40
)
 
$
260

 
$
185

 
$
795

 
 
 
 
 
 
 
 
Weighted average common shares outstanding
1,045,131

 
1,149,113

 
1,080,020

 
1,163,442

Basic (Loss) Earnings per Share:
 
 
 
 
 
 
 
Continuing operations
$
(0.04
)
 
$
0.22

 
$
0.23

 
$
0.65

Discontinued operations
—

 
0.01

 
(0.06
)
 
0.03

Total
$
(0.04
)
 
$
0.23

 
$
0.17

 
$
0.68

 
 
 
 
 
 
 
 
Diluted (Loss) Earnings per Share:
 
 
 
 
 
 
 
Net (loss) income from continuing operations attributable to Xerox
$
(31
)
 
$
258

 
$
267

 
$
779

Accrued dividends on preferred stock
(6
)
 
(6
)
 
(18
)
 
(18
)
Adjusted Net (Loss) Income From Continuing Operations Available to Common Shareholders
$
(37
)
 
$
252

 
$
249

 
$
761

Net (loss) income from discontinued operations attributable to Xerox
(3
)
 
8

 
(64
)
 
34

Adjusted Net (Loss) Income Available to Common Shareholders
$
(40
)
 
$
260

 
$
185

 
$
795

 
 
 
 
 
 
 
 
Weighted average common shares outstanding
1,045,131

 
1,149,113

 
1,080,020

 
1,163,442

Common shares issuable with respect to:
 
 
 
 
 
 
 
Stock options
—

 
2,793

 
1,265

 
3,177

Restricted stock and performance shares
—

 
13,533

 
11,995

 
14,363

Convertible preferred stock
—

 
—

 
—

 
—

Adjusted Weighted Average Common Shares Outstanding
1,045,131

 
1,165,439

 
1,093,280

 
1,180,982

Diluted (Loss) Earnings per Share:
 
 
 
 
 
 
 
Continuing operations
$
(0.04
)
 
$
0.21

 
$
0.23

 
$
0.64

Discontinued operations
—

 
0.01

 
(0.06
)
 
0.03

Total
$
(0.04
)
 
$
0.22

 
$
0.17

 
$
0.67

 
 
 
 
 
 
 
 
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
3,391

 
4,143

 
2,125

 
3,759

Restricted stock and performance shares
25,996

 
18,958

 
18,214

 
18,128

Convertible preferred stock
26,966

 
26,966

 
26,966

 
26,966

Total Anti-Dilutive Securities
56,353

 
50,067

 
47,305

 
48,853

 
 
 
 
 
 
 
 
Dividends per Common Share
$
0.0700

 
$
0.0625

 
$
0.2100

 
$
0.1875