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Earnings Per Share of Common Stock
3 Months Ended
Mar. 31, 2017
Earnings Per Share [Abstract]  
Earnings Per Share of Common Stock

Note 6. Earnings Per Share of Common Stock

The table below shows a reconciliation of the numerator and denominator for basic and diluted earnings per share calculations for the periods indicated.

 

 

 

Three Months Ended March 31,

 

 

 

2017

 

 

2016

 

Numerator:

 

 

 

 

 

 

 

 

Net income attributable to Chemours

 

$

150

 

 

$

51

 

Denominator:

 

 

 

 

 

 

 

 

Weighted average number of common shares

   outstanding- Basic

 

 

183,408,309

 

 

 

181,281,166

 

Dilutive effect of the Company’s employee

   compensation plans 1

 

 

5,741,621

 

 

 

221,974

 

Weighted average number of common shares outstanding -

   Diluted 1

 

 

189,149,930

 

 

 

181,503,140

 

1

Diluted earnings per share is calculated using net income available to common shareholders divided by diluted weighted-average shares of common shares outstanding during each period, which includes unvested restricted shares. Diluted earnings per share considers the impact of potentially dilutive securities except in periods in which there is a loss because the inclusion of the potential common shares would have an antidilutive effect.         

The following average number of stock options were antidilutive and, therefore, were not included in the diluted earnings per share calculation:

 

 

Three Months Ended March 31,

 

 

 

2017

 

 

2016

 

Average number of stock options

 

 

169,118

 

 

 

8,701,474