XML 36 R24.htm IDEA: XBRL DOCUMENT v3.19.1
Earnings per Share
3 Months Ended
Mar. 31, 2019
Earnings Per Share [Abstract]  
Earnings per Share
Earnings per Share
(shares in thousands)
The following table sets forth the computation of basic and diluted earnings per share of common stock:
 
 
Three Months Ended
March 31,
 
 
2019
 
2018
Basic Earnings per Share
 
 
 
 
Net Income Attributable to Xerox
 
$
133

 
$
23

Accrued dividends on preferred stock
 
(4
)
 
(4
)
Adjusted Net income available to common shareholders
 
$
129

 
$
19

Weighted average common shares outstanding
 
228,567

 
254,660

 
 
 
 
 
Basic Earnings per Share
 
$
0.57

 
$
0.08

 
 
 
 
 
Diluted Earnings per Share
 
 
 
 
Net Income Attributable to Xerox
 
$
133

 
$
23

Accrued dividends on preferred stock
 

 
(4
)
Adjusted Net income available to common shareholders
 
$
133

 
$
19

Weighted average common shares outstanding
 
228,567

 
254,660

Common shares issuable with respect to:
 
 
 
 
Stock options
 
3

 

Restricted stock and performance shares
 
4,406

 
2,810

Convertible preferred stock
 
6,742

 

Adjusted Weighted average common shares outstanding
 
239,718

 
257,470

 
 
 
 
 
Diluted Earnings per Share
 
$
0.55

 
$
0.08

 
 
 
 
 
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
 
947

 

Restricted stock and performance shares
 
3,847

 
2,977

Convertible preferred stock
 

 
6,742

Total Anti-Dilutive Securities
 
4,794

 
9,719

 
 
 
 
 
Dividends per Common Share
 
$
0.25

 
$
0.25