| Schedule of Earnings Per Share, Basic and Diluted |
The following is a summary of the elements used in calculating basic and diluted (loss) income per share for the three and nine months ended September 30, 2020 and 2019: | | | | | | | | | | | | | | | | | | | | | | | | | Three Months Ended September 30, | | Nine Months Ended September 30, | | (Dollars in millions, except share and per share amounts) | 2020 | | 2019 | | 2020 | | 2019 | Net (loss) income attributable to Kennedy-Wilson Holdings, Inc. common shareholders | $ | (25.1) | | | $ | 20.7 | | | $ | (77.1) | | | $ | 66.2 | | | Dividends allocated to participating securities | — | | | — | | | — | | | (0.2) | | Net (loss) income attributable to Kennedy-Wilson Holdings, Inc. common shareholders, net of allocation to participating securities | (25.1) | | | 20.7 | | | (77.1) | | | 66.0 | | | Dividends declared on common shares | (31.2) | | | (29.1) | | | (94.4) | | | (89.8) | | | Undistributed losses attributable to Kennedy-Wilson Holdings, Inc. common shareholders, net of allocation to participating securities | $ | (56.3) | | | $ | (8.4) | | | $ | (171.5) | | | $ | (23.8) | | | | | | | | | | | Distributed earnings per share | $ | 0.22 | | | $ | 0.21 | | | $ | 0.66 | | | $ | 0.63 | | | Undistributed losses per share | (0.40) | | | (0.06) | | | (1.21) | | | (0.09) | | | (Loss) Income per basic and diluted share | (0.18) | | | 0.15 | | | (0.55) | | | 0.54 | | | | | | | | | | | Weighted average shares outstanding for basic | 140,119,442 | | | 139,947,518 | | | 140,181,438 | | | 139,669,971 | | Weighted average shares outstanding for diluted(1) | 140,119,442 | | | 140,538,139 | | | 140,181,438 | | | 141,445,947 | | | Dividends declared per common share | $ | 0.22 | | | $ | 0.21 | | | $ | 0.66 | | | $ | 0.63 | |
(1) For the three and nine months ended September 30, 2020, a total of 13,543,942 and 13,691,560 potentially dilutive securities, respectively, have not been included in the diluted weighted average shares as they are anti-dilutive. For the three and nine months ended September 30, 2019, a total of 1,830,940 and 1,082,604 potentially dilutive securities, respectively, have not been included in the diluted weighted average shares as they are anti-dilutive.
|