Weighted-Average Shares Used In Computing Earnings Per Share

6 Months Ended

Jun. 30, 2013

Earnings Per Share [Abstract]

Weighted-Average Shares Used In Computing Earnings Per Share

Note 9 — WEIGHTED-AVERAGE SHARES USED IN COMPUTING EARNINGS PER SHARE 

	Three Months Ended June 30,		Six Months Ended June 30,
(In millions)	2013	2012	2013	2012
Weighted-average shares outstanding – basic	97.7	89.1	94.7	89.1
Plus dilutive impact of stock options and awards	1.4	1.6	1.1	1.6
Weighted-average shares – diluted	99.1	90.7	95.8	90.7

For the three months ended June 30, 2013 and 2012, 0.3 million and 0.5 million of equity-based awards, respectively, were excluded from the computation of diluted earnings per share because their effect would have been anti-dilutive.

For the six months ended June 30, 2013 and 2012, 0.4 million and 0.9 million of equity-based awards, respectively, were excluded from the computation of diluted earnings per share because their effect would have been anti-dilutive.

During the first quarter of 2013, 0.5 million stock appreciation rights were granted under the PolyOne Corporation 2010 Equity and Performance Incentive Plan. These awards vest in one-third increments annually over a three-year service period and upon the achievement of certain stock price targets. Because the market conditions have not been met, the awards are excluded from the calculation of earnings per share.