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Earnings per Share (Tables)
 9 Months Ended
Sep. 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 nine months ended September 30, 2017 and 2016 was as follows:

 

 

Three Months Ended

 

 

Nine Months Ended

 

  

 

September 30,

 

 

September 30,

 

 

 

2017

 

 

2016

 

 

 

2017

 

 

 

2016

 

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

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Continuing operations

 

$

(0.11

)

 

$

0.31

 

 

$

0.26

 

 

$

0.03

 

Discontinued operations

 

 

—

 

 

 

(0.41

)

 

 

—

 

 

 

0.23

 

Net (loss) earnings attributable to RRD stockholders

 

$

(0.11

)

 

$

(0.10

)

 

$

0.26

 

 

$

0.26

 

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

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Continuing operations

 

$

(0.11

)

 

$

0.31

 

 

$

0.26

 

 

$

0.03

 

Discontinued operations

 

 

—

 

 

 

(0.41

)

 

 

—

 

 

 

0.23

 

Net (loss) earnings attributable to RRD stockholders

 

$

(0.11

)

 

$

(0.10

)

 

$

0.26

 

 

$

0.26

 

Numerator

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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

 

$

(8.0

)

 

$

22.0

 

 

$

18.4

 

 

$

2.4

 

Net (loss) earnings from discontinued operations, net of income taxes

 

 

—

 

 

 

(29.1

)

 

 

—

 

 

 

15.8

 

Net (loss) earnings attributable to RRD common stockholders

 

$

(8.0

)

 

$

(7.1

)

 

$

18.4

 

 

$

18.2

 

Denominator:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Weighted average number of common shares outstanding

 

 

70.2

 

 

 

70.0

 

 

 

70.1

 

 

 

70.0

 

Dilutive options and awards

 

 

—

 

 

 

0.5

 

 

 

0.2

 

 

 

0.5

 

Diluted weighted average number of common shares outstanding

 

 

70.2

 

 

 

70.5

 

 

 

70.3

 

 

 

70.5

 

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

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Stock options

 

 

1.3

 

 

 

0.8

 

 

 

1.0

 

 

 

0.7

 

Performance share units

 

 

0.3

 

 

 

0.2

 

 

 

0.3

 

 

 

0.2

 

Restricted stock units

 

 

1.1

 

 

 

0.3

 

 

 

0.7

 

 

 

—

 

Total

 

 

2.7

 

 

 

1.3

 

 

 

2.0

 

 

 

0.9

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Dividends declared per common share

 

$

0.14

 

 

$

0.78

 

 

$

0.42

 

 

$

2.34