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Earnings per Share
 12 Months Ended
Dec. 31, 2015
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,
 
 
2015
 
2014
 
2013
Basic Earnings per Share:
 
 
 
 
 
 
Net income from continuing operations attributable to Xerox
 
$
552

 
$
1,128

 
$
1,139

Accrued dividends on preferred stock
 
(24
)
 
(24
)
 
(24
)
Net Income From Continuing Operations Available to Common Shareholders
 
$
528

 
$
1,104

 
$
1,115

Net (loss) income from discontinued operations attributable to Xerox
 
(78
)
 
(115
)
 
20

Adjusted Net Income Available to Common Shareholders
 
$
450

 
$
989

 
$
1,135

Weighted-average common shares outstanding
 
1,064,526

 
1,154,365

 
1,225,486

Basic Earnings (Loss) per Share:
 
 
 
 
 
 
Continuing operations
 
$
0.50

 
$
0.96

 
$
0.91

Discontinued operations
 
(0.08
)
 
(0.10
)
 
0.02

Basic Earnings per Share
 
$
0.42

 
$
0.86

 
$
0.93

 
 
 
 
 
 
 
Diluted Earnings per Share:
 
 
 
 
 
 
Net income from continuing operations attributable to Xerox
 
$
552

 
$
1,128

 
$
1,139

Accrued dividends on preferred stock
 
(24
)
 
—

 
—

Interest on Convertible Securities, net
 
—

 
—

 
1

Adjusted Net Income From Continuing Operations Available to Common Shareholders
 
$
528

 
$
1,128

 
$
1,140

Net (loss) income from discontinued operations attributable to Xerox
 
(78
)
 
(115
)
 
20

Adjusted Net Income Available to Common Shareholders
 
$
450

 
$
1,013

 
$
1,160

Weighted-average common shares outstanding
 
1,064,526

 
1,154,365

 
1,225,486

Common shares issuable with respect to:
 
 
 
 
 
 
Stock options
 
1,294

 
2,976

 
5,401

Restricted stock and performance shares
 
10,404

 
14,256

 
13,931

Convertible preferred stock
 
—

 
26,966

 
26,966

Convertible securities
 
—

 
—

 
1,743

Adjusted Weighted Average Common Shares Outstanding
 
1,076,224

 
1,198,563

 
1,273,527

 
 
 
 
 
 
 
Diluted Earnings (Loss) per Share:
 
 
 
 
 
 
Continuing operations
 
$
0.49

 
$
0.94

 
$
0.89

Discontinued operations
 
(0.07
)
 
(0.09
)
 
0.02

Diluted Earnings per Share
 
$
0.42

 
$
0.85

 
$
0.91

 
 
 
 
 
 
 
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
 
1,825

 
3,139

 
8,798

Restricted stock and performance shares
 
17,607

 
17,987

 
12,411

Convertible preferred stock
 
26,966

 
—

 
—

Total Securities
 
46,398

 
21,126

 
21,209

 
 
 
 
 
 
 
Dividends per Common Share
 
$
0.28

 
$
0.25

 
$
0.23