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Earnings per Share
 12 Months Ended
Dec. 31, 2016
Earnings Per Share [Abstract]  
Earnings per Share
19. Earnings per Share

Basic and diluted earnings per share was computed as follows:
 
Years Ended December 31,
(in millions except share and per share amounts)
    2016 (1)
 
    2015 (1)(2)
 
    2014 (1)(2)
Earnings from continuing operations
$
19.1

 
$
16.5

 
$
119.6

Loss from discontinued operations, net
$
(61.4
)
 
$
(250.3
)
 
$
(206.6
)
Net loss
$
(42.3
)
 
$
(233.8
)
 
$
(87.0
)
 
 
 
 
 
 
Basic earnings (loss) per common share:
 
 
 
 
 
Earnings from continuing operations
$
0.22

 
$
0.19

 
$
1.41

Loss from discontinued operations, net
$
(0.70
)
 
$
(2.88
)
 
$
(2.43
)
Net loss
$
(0.48
)
 
$
(2.69
)
 
$
(1.02
)
 
 
 
 
 
 
Weighted average shares outstanding
88,667,098

 
86,802,828

 
85,046,042

 
 
 
 
 
 
Diluted earnings (loss) per common share:
 
 
 
 
 
Earnings from continuing operations
$
0.21

 
$
0.19

 
$
1.40

Loss from discontinued operations, net
$
(0.68
)
 
$
(2.88
)
 
$
(2.42
)
Net loss
$
(0.47
)
 
$
(2.69
)
 
$
(1.02
)
 
 
 
 
 
 
Diluted weighted-average shares outstanding
89,182,967

 
86,992,254

 
85,292,959



(1) For the years ended December 31, 2016, 2015 and 2014, the weighted-average number of anti-dilutive potential common shares excluded from the calculation of diluted earnings per share above was 5,080,023, 3,357,320 and 1,487,496, respectively.

(2) The denominator for basic and diluted EPS was based on the number of shares of Knowles common stock outstanding on the distribution date. On July 1, 2015, the Company issued 3.2 million shares to former holders of Audience shares and for the conversion of vested in-the-money Audience stock options. The Company also converted unvested in-the-money Audience stock options and restricted stock units for an aggregate of 461,371 shares of its common stock. On February 28, 2014, the distribution date, Dover stockholders of record as of the close of business on February 19, 2014 received one share of Knowles common stock for every two shares of Dover's common stock held as of the record date.