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Earnings per Share (Tables)
9 Months Ended
Sep. 30, 2019
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 the three and nine months ended September 30, 2019 and 2018 were as follows:

 

 

 

Three Months Ended

 

 

Nine Months Ended

 

 

 

September 30,

 

 

September 30,

 

 

 

2019

 

 

2018

 

 

 

2019

 

 

 

2018

 

Net income (loss) per share attributable to RRD common stockholders:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Basic

 

$

0.18

 

 

$

0.49

 

 

$

(0.04

)

 

$

0.17

 

Diluted

 

$

0.18

 

 

$

0.49

 

 

$

(0.04

)

 

$

0.17

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Numerator:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net income (loss) attributable to RRD common stockholders

 

$

12.6

 

 

$

34.3

 

 

$

(3.2

)

 

$

11.7

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Denominator:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Basic weighted average number of common shares outstanding

 

 

71.4

 

 

 

70.6

 

 

 

71.2

 

 

 

70.5

 

Dilutive options and awards

 

 

 

 

 

0.1

 

 

 

 

 

 

0.3

 

Diluted weighted average number of common shares outstanding

 

 

71.4

 

 

 

70.7

 

 

 

71.2

 

 

 

70.8

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Stock options

 

 

0.4

 

 

 

0.7

 

 

 

0.5

 

 

 

0.9

 

Restricted stock units

 

 

1.3

 

 

 

0.5

 

 

 

1.0

 

 

 

0.6

 

Total

 

 

1.7

 

 

 

1.2

 

 

 

1.5

 

 

 

1.5

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Dividends declared per common share

 

$

0.03

 

 

$

0.03

 

 

$

0.09

 

 

$

0.31