Earnings (Loss) per Common Share (Notes)

9 Months Ended

Sep. 30, 2015

Basic earnings (loss) per share is based on the average number of shares of common stock outstanding during the period. Diluted earnings per common share considers the impact of potentially dilutive securities using the treasury stock method. Diluted earnings per common share is based on the average number of shares used for the basic earnings per share calculation, adjusted for the dilutive effect of stock options, restricted stock, restricted stock units, performance stock options and performance restricted stock. Basic loss per common share equals diluted loss per common share for the nine months ended September 30, 2015 and three and nine months ended September 30, 2014 because the Company incurred a net loss during those periods. The following is the computation of diluted earnings per common share for the three months ended September 30, 2015.



	Three Months Ended September 30, 2015
	Earnings		Shares	Earnings Per Share

Basic earnings per common share	$	54	111,928,113	$	0.48
Effect of dilutive securities:
Assumed exercise or issuance of shares relating to stock plans			1,411,772

Diluted earnings per common share	$	54	113,339,885	$	0.48

For the three months ended September 30, 2015, the computation of diluted earnings per share excludes 1 million of potential common shares related to the Company’s equity-based compensation plan, because the inclusion of such shares would have an antidilutive effect.