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Earnings per Share (Tables)
3 Months Ended
Mar. 31, 2016
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,
 
2016
 
2015
Basic Earnings per Share:
 
 
 
Net income from continuing operations attributable to Xerox
$
34

 
$
191

Accrued dividends on preferred stock
(6
)
 
(6
)
Adjusted Net Income From Continuing Operations Available to Common Shareholders
28

 
185

Net income from discontinued operations attributable to Xerox

 
34

Adjusted Net Income Available to Common Shareholders
$
28

 
$
219

 
 
 
 
Weighted average common shares outstanding
1,013,033

 
1,109,999

Basic Earnings per Share:
 
 
 
Continuing operations
$
0.03

 
$
0.17

Discontinued operations

 
0.03

Total
$
0.03

 
$
0.20

 
 
 
 
Diluted Earnings per Share:
 
 
 
Net income from continuing operations attributable to Xerox
$
34

 
$
191

Accrued dividends on preferred stock
(6
)
 
(6
)
Adjusted Net Income From Continuing Operations Available to Common Shareholders
$
28

 
$
185

Net income from discontinued operations attributable to Xerox

 
34

Adjusted Net Income Available to Common Shareholders
$
28

 
$
219

 
 
 
 
Weighted average common shares outstanding
1,013,033

 
1,109,999

Common shares issuable with respect to:
 
 
 
Stock options
850

 
1,879

Restricted stock and performance shares
6,640

 
14,740

Convertible preferred stock

 

Adjusted Weighted Average Common Shares Outstanding
1,020,523

 
1,126,618

Diluted Earnings per Share:
 
 
 
Continuing operations
$
0.03

 
$
0.16

Discontinued operations

 
0.03

Total
$
0.03

 
$
0.19

 
 
 
 
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
2,104

 
2,716

Restricted stock and performance shares
18,718

 
16,730

Convertible preferred stock
26,966

 
26,966

Total Anti-Dilutive Securities
47,788

 
46,412

 
 
 
 
Dividends per Common Share
$
0.0775

 
$
0.0700