(Loss) Earnings per Share

12 Months Ended

Dec. 31, 2021

The following table sets forth the computation of basic and diluted earnings per share of Xerox Holdings Corporation's Common stock (shares in thousands):


	Year Ended December 31,
	2021		2020		2019
Basic (Loss) Earnings per Share:
Net (Loss) Income from continuing operations attributable to Xerox Holdings	$	(455)	$	192	$	648
Accrued dividends on preferred stock	(14)		(14)		(14)
Adjusted Net (Loss) income from continuing operations available to common shareholders	(469)		178		634
Income from discontinued operations attributable to Xerox Holdings, net of tax	—		—		705
Adjusted Net (Loss) income available to common shareholders	$	(469)	$	178	$	1,339
Weighted average common shares outstanding	183,168		208,983		221,969
Basic (Loss) Earnings per Share:
Continuing operations	$	(2.56)	$	0.85	$	2.86
Discontinued operations	—		—		3.17
Basic (Loss) Earnings per Share	$	(2.56)	$	0.85	$	6.03

Diluted (Loss) Earnings per Share:
Net (Loss) Income from continuing operations attributable to Xerox Holdings	$	(455)	$	192	$	648
Accrued dividends on preferred stock	(14)		(14)		—

Adjusted Net (Loss) income from continuing operations available to common shareholders	(469)		178		648
Income from discontinued operations attributable to Xerox Holdings, net of tax	—		—		705
Adjusted Net (Loss) income available to common shareholders	$	(469)	$	178	$	1,353
Weighted average common shares outstanding	183,168		208,983		221,969
Common shares issuable with respect to:
Stock options	—		15		55
Restricted stock and performance shares	—		2,439		4,403
Convertible preferred stock	—		—		6,742

Adjusted Weighted average common shares outstanding	183,168		211,437		233,169

Diluted (Loss) Earnings per Share:
Continuing operations	$	(2.56)	$	0.84	$	2.78
Discontinued operations	—		—		3.02
Diluted (Loss) Earnings per Share	$	(2.56)	$	0.84	$	5.80

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	612		784		805
Restricted stock and performance shares	5,979		3,173		1,272
Convertible preferred stock	6,742		6,742		—

Total Anti-Dilutive Securities	13,333		10,699		2,077

Dividends per Common Share	$	1.00	$	1.00	$	1.00