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Earnings per Share
 12 Months Ended
Dec. 31, 2016
Earnings Per Share [Abstract]  
Earnings per Share
Earnings per Share
The following table sets forth the computation of basic and diluted (loss) earnings per share of common stock (shares in thousands):
 
 
Year Ended December 31,
 
 
2016
 
2015
 
2014
Basic Earnings per Share:
 
 
 
 
 
 
Net income from continuing operations attributable to Xerox
 
$
616

 
$
848

 
$
1,029

Accrued dividends on preferred stock
 
(24
)
 
(24
)
 
(24
)
Adjusted Net Income From Continuing Operations Available to Common Shareholders
 
$
592

 
$
824

 
$
1,005

Net loss from discontinued operations attributable to Xerox
 
(1,093
)
 
(374
)
 
(16
)
Adjusted Net (Loss) Income Available to Common Shareholders
 
$
(501
)
 
$
450

 
$
989

Weighted-average common shares outstanding
 
1,013,563

 
1,064,526

 
1,154,365

Basic (Loss) Earnings per Share:
 
 
 
 
 
 
Continuing operations
 
$
0.58

 
$
0.77

 
$
0.87

Discontinued operations
 
(1.07
)
 
(0.35
)
 
(0.01
)
Basic (Loss) Earnings per Share
 
$
(0.49
)
 
$
0.42

 
$
0.86

 
 
 
 
 
 
 
Diluted Earnings per Share:
 
 
 
 
 
 
Net income from continuing operations attributable to Xerox
 
$
616

 
$
848

 
$
1,029

Accrued dividends on preferred stock
 
(24
)
 
(24
)
 
(24
)
Adjusted Net Income From Continuing Operations Available to Common Shareholders
 
$
592

 
$
824

 
$
1,005

Net loss from discontinued operations attributable to Xerox
 
(1,093
)
 
(374
)
 
(16
)
Adjusted Net (Loss) Income Available to Common Shareholders
 
$
(501
)
 
$
450

 
$
989

Weighted-average common shares outstanding
 
1,013,563

 
1,064,526

 
1,154,365

Common shares issuable with respect to:
 
 
 
 
 
 
Stock options
 
694

 
1,294

 
2,976

Restricted stock and performance shares
 
9,722

 
10,404

 
14,256

Adjusted Weighted Average Common Shares Outstanding
 
1,023,979

 
1,076,224

 
1,171,597

 
 
 
 
 
 
 
Diluted (Loss) Earnings per Share:
 
 
 
 
 
 
Continuing operations
 
$
0.58

 
$
0.77

 
$
0.86

Discontinued operations
 
(1.07
)
 
(0.35
)
 
(0.02
)
Diluted (Loss) Earnings per Share
 
$
(0.49
)
 
$
0.42

 
$
0.84

 
 
 
 
 
 
 
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
 
808

 
1,825

 
3,139

Restricted stock and performance shares
 
21,721

 
17,607

 
17,987

Convertible preferred stock
 
26,966

 
26,966

 
26,966

Total Securities
 
49,495

 
46,398

 
48,092

 
 
 
 
 
 
 
Dividends per Common Share
 
$
0.31

 
$
0.28

 
$
0.25