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Earnings per Share
 3 Months Ended
Mar. 31, 2017
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):
 
Three Months Ended
March 31,
 
2017
 
2016
Basic Earnings (Loss) per Share:
 
 
 
Net income from continuing operations attributable to Xerox
$
22

 
$
69

Accrued dividends on preferred stock
(4
)
 
(6
)
Adjusted Net income from continuing operations available to common shareholders
18

 
63

Net loss from discontinued operations attributable to Xerox
(6
)
 
(35
)
Adjusted Net income available to common shareholders
$
12

 
$
28

 
 
 
 
Weighted average common shares outstanding
1,016,151

 
1,013,033

Basic Earnings (Loss) per Share:
 
 
 
Continuing operations
$
0.02

 
$
0.06

Discontinued operations
(0.01
)
 
(0.03
)
Basic Earnings per Share
$
0.01

 
$
0.03

 
 
 
 
Diluted Earnings (Loss) per Share:
 
 
 
Net income from continuing operations attributable to Xerox
$
22

 
$
69

Accrued dividends on preferred stock
(4
)
 
(6
)
Adjusted Net income from continuing operations available to common shareholders
18

 
63

Net loss from discontinued operations attributable to Xerox
(6
)
 
(35
)
Adjusted Net income available to common shareholders
$
12

 
$
28

 
 
 
 
Weighted average common shares outstanding
1,016,151

 
1,013,033

Common shares issuable with respect to:
 
 
 
Stock options
—

 
850

Restricted stock and performance shares
8,417

 
6,640

Convertible preferred stock
—

 
—

Adjusted Weighted average common shares outstanding
1,024,568

 
1,020,523

Diluted Earnings (Loss) per Share:
 
 
 
Continuing operations
$
0.02

 
$
0.06

Discontinued operations
(0.01
)
 
(0.03
)
Diluted Earnings per Share
$
0.01

 
$
0.03

 
 
 
 
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

Restricted stock and performance shares
15,749

 
18,718

Convertible preferred stock
26,966

 
26,966

Total Anti-Dilutive Securities
42,715

 
47,788

 
 
 
 
Dividends per Common Share
$
0.0625

 
$
0.0775