Schedule of Earnings Per Share, Basic and Diluted |
The following is a summary of the elements used in calculating basic and diluted income (loss) per share for the three and nine months ended September 30, 2015 and 2014: | | | | | | | | | | | | | | | | | | Three Months Ended September 30, | | Nine Months Ended September 30, | (Dollars in millions, except share and per share amounts) | 2015 | | 2014 | | 2015 | | 2014 | Net income (loss) attributable to Kennedy-Wilson Holdings, Inc. common shareholders | $ | 14.9 |
| | $ | (2.2 | ) | | $ | 42.6 |
| | $ | 44.6 |
| Net income (loss) and dividends allocated to participating securities | (0.6 | ) | | (0.5 | ) | | (1.9 | ) | | (2.6 | ) | Net income (loss) attributable to Kennedy-Wilson Holdings, Inc. common shareholders, net of allocation to participating securities | 14.3 |
| | (2.7 | ) | | 40.7 |
| | 42.0 |
| Dividends declared on common shares | (13.0 | ) | | (8.1 | ) | | (37.8 | ) | | (24.1 | ) | Undistributed earnings attributable to Kennedy-Wilson Holdings, Inc. common shareholders, net of allocation to participating securities | $ | 1.3 |
| | $ | (10.8 | ) | | $ | 2.9 |
| | $ | 17.9 |
| | | | | | | | | Distributed earnings per share | $ | 0.12 |
| | $ | 0.09 |
| | $ | 0.36 |
| | $ | 0.27 |
| Undistributed earnings per share | 0.01 |
| | (0.12 | ) | | 0.04 |
| | 0.20 |
| Income (loss) per basic | 0.13 |
| | (0.03 | ) | | 0.40 |
| | 0.47 |
| | | | | | | | | Income (loss) per diluted | $ | 0.13 |
| | $ | (0.03 | ) | | $ | 0.40 |
| | $ | 0.47 |
| | | | | | | | | Weighted average shares outstanding for basic | 107,433,124 |
| | 89,267,838 |
| | 101,361,606 |
| | 88,854,215 |
| Weighted average shares outstanding for diluted(1) | 107,433,124 |
| | 89,267,838 |
| | 105,517,172 |
| | 90,169,008 |
| Dividends declared per common share | $ | 0.12 |
| | $ | 0.09 |
| | $ | 0.36 |
| | $ | 0.27 |
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(1) For the three and nine months ended September 30, 2015, a total of 3,538,420 and 3,163,589, respectively, potentially dilutive securities were not included in the diluted weighted average shares as they were anti-dilutive. For the three months ended September 30, 2014, a total of 12,993,531 potentially dilutive securities have not been included in the diluted weighted average shares as they are anti-dilutive. Potentially anti-dilutive securities include preferred stock and unvested restricted stock grants.
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