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Earnings per Share (Tables)
6 Months Ended
Jun. 30, 2017
Earnings Per Share [Abstract]  
Schedule of Earnings per Share

The reconciliation of the numerator and denominator of the basic and diluted earnings per share calculation and the anti-dilutive share-based awards for three and six months ended June 30, 2017 and 2016 were as follows:

 

 

 

Three Months Ended

 

 

Six Months Ended

 

  

 

June 30,

 

 

June 30,

 

 

 

2017

 

 

2016

 

 

 

2017

 

 

 

2016

 

Basic net earnings (loss) per share attributable to RRD common stockholders:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Continuing operations

 

$

1.09

 

 

$

(0.33

)

 

$

0.38

 

 

$

(0.28

)

Discontinued operations

 

 

 

 

 

0.12

 

 

 

 

 

 

0.64

 

Net earnings (loss) attributable to RRD stockholders

 

$

1.09

 

 

$

(0.21

)

 

$

0.38

 

 

$

0.36

 

Diluted net earnings (loss) per share attributable to RRD common stockholders:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Continuing operations

 

$

1.09

 

 

$

(0.33

)

 

$

0.38

 

 

$

(0.28

)

Discontinued operations

 

 

 

 

 

0.12

 

 

 

 

 

 

0.64

 

Net earnings (loss) attributable to RRD stockholders

 

$

1.09

 

 

$

(0.21

)

 

$

0.38

 

 

$

0.36

 

Numerator

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net earnings (loss) attributable to RRD common stockholders - continuing operations

 

$

76.5

 

 

$

(23.2

)

 

$

26.4

 

 

$

(19.6

)

Net earnings from discontinued operations, net of income taxes

 

 

 

 

 

8.7

 

 

 

 

 

 

44.9

 

Net earnings (loss) attributable to RRD common stockholders

 

$

76.5

 

 

$

(14.5

)

 

$

26.4

 

 

$

25.3

 

Denominator:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Weighted average number of common shares outstanding

 

 

70.1

 

 

 

70.0

 

 

 

70.1

 

 

 

69.9

 

Dilutive options and awards

 

 

0.1

 

 

 

 

 

 

0.2

 

 

 

 

Diluted weighted average number of common shares outstanding

 

 

70.2

 

 

 

70.0

 

 

 

70.3

 

 

 

69.9

 

Weighted average number of anti-dilutive share-based awards:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Stock options

 

 

0.9

 

 

 

0.8

 

 

 

1.1

 

 

 

0.8

 

Performance share units

 

 

0.3

 

 

 

0.2

 

 

 

0.2

 

 

 

0.2

 

Restricted stock units

 

 

1.1

 

 

 

0.2

 

 

 

0.3

 

 

 

0.4

 

Total

 

 

2.3

 

 

 

1.3

 

 

 

1.6

 

 

 

1.4

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Dividends declared per common share

 

$

0.14

 

 

$

0.78

 

 

$

0.28

 

 

$

1.56