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Earnings per Share (Tables)
 6 Months Ended
Jun. 30, 2017
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
June 30,
 
Six Months Ended
June 30,
 
2017
 
2016
 
2017
 
2016
Basic Earnings (Loss) per Share:
 
 
 
 
 
 
 
Net income from continuing operations attributable to Xerox
$
166

 
$
196

 
$
212

 
$
262

Accrued dividends on preferred stock
(3
)
 
(6
)
 
(7
)
 
(12
)
Adjusted Net income from continuing operations available to common shareholders
163

 
190

 
205

 
250

Net loss from discontinued operations attributable to Xerox
—

 
(38
)
 
(6
)
 
(73
)
Adjusted Net income available to common shareholders
$
163

 
$
152

 
$
199

 
$
177

 
 
 
 
 
 
 
 
Weighted average common shares outstanding
254,193

 
253,321

 
254,107

 
253,291

Basic Earnings (Loss) per Share:
 
 
 
 
 
 
 
Continuing operations
$
0.64

 
$
0.75

 
$
0.81

 
$
0.99

Discontinued operations
—

 
(0.15
)
 
(0.03
)
 
(0.29
)
Basic Earnings per Share
$
0.64

 
$
0.60

 
$
0.78

 
$
0.70

 
 
 
 
 
 
 
 
Diluted Earnings (Loss) per Share:
 
 
 
 
 
 
 
Net income from continuing operations attributable to Xerox
$
166

 
$
196

 
$
212

 
$
262

Accrued dividends on preferred stock
—

 
(6
)
 
(7
)
 
(12
)
Adjusted Net income from continuing operations available to common shareholders
166

 
190

 
$
205

 
$
250

Net loss from discontinued operations attributable to Xerox
—

 
(38
)
 
(6
)
 
(73
)
Adjusted Net income available to common shareholders
$
166

 
$
152

 
$
199

 
$
177

 
 
 
 
 
 
 
 
Weighted average common shares outstanding
254,193

 
253,321

 
254,107

 
253,291

Common shares issuable with respect to:
 
 
 
 
 
 
 
Stock options
—

 
205

 
—

 
209

Restricted stock and performance shares
2,275

 
1,979

 
2,190

 
1,789

Convertible preferred stock
6,742

 
—

 
—

 
—

Adjusted Weighted average common shares outstanding
263,210

 
255,505

 
256,297

 
255,289

Diluted Earnings (Loss) per Share:
 
 
 
 
 
 
 
Continuing operations
$
0.63

 
$
0.75

 
$
0.80

 
$
0.98

Discontinued operations
—

 
(0.15
)
 
(0.02
)
 
(0.28
)
Diluted Earnings per Share
$
0.63

 
$
0.60

 
$
0.78

 
$
0.70

 
 
 
 
 
 
 
 
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
—

 
486

 
—

 
483

Restricted stock and performance shares
2,375

 
3,977

 
2,460

 
4,167

Convertible preferred stock
—

 
6,742

 
6,742

 
6,742

Total Anti-Dilutive Securities
2,375

 
11,205

 
9,202

 
11,392

 
 
 
 
 
 
 
 
Dividends per Common Share
$
0.25

 
$
0.31

 
$
0.50

 
$
0.62