XML 46 R9.htm IDEA: XBRL DOCUMENT v2.4.0.8
(Loss) Income Per Share of Common Stock
 9 Months Ended
Aug. 31, 2014
Earnings Per Share [Abstract]  
(Loss) Income Per Share of Common Stock
(Loss) Income Per Share of Common Stock
A reconciliation of the numerator and denominator used to calculate basic and diluted (loss) income per share of common stock (“EPS”) is presented in the following table:
 
Three months ended August 31,
 
Nine months ended August 31,
 
2014
 
2013
 
2014
 
2013
 
(In millions, except per share amounts)
Numerator:
 
 
 
 
 
 
 
(Loss) income from continuing operations
$
(9.7
)
 
$
197.6

 
$
(61.2
)
 
$
171.8

Income (loss) from discontinued operations, net of income taxes
0.2

 
(0.2
)
 
(0.6
)
 
(0.2
)
Net (loss) income
(9.5
)
 
197.4

 
(61.8
)
 
171.6

Income allocated to participating securities
—

 
(3.4
)
 
—

 
(3.3
)
Net (loss) income for basic earnings per share
(9.5
)
 
194.0

 
(61.8
)
 
168.3

Interest on convertible subordinated debentures
—

 
2.0

 
—

 
6.1

Net (loss) income for diluted earnings per share
(9.5
)
 
196.0

 
(61.8
)
 
174.4

Denominator:
 
 
 
 
 
 
 
Basic weighted average shares
56.9

 
59.7

 
58.2

 
59.5

Effect of:
 
 
 
 
 
 
 
  Convertible subordinated notes
—

 
22.2

 
—

 
22.2

  Employee stock options
—

 
0.2

 
—

 
0.2

Diluted weighted average shares
56.9

 
82.1

 
58.2

 
81.9

Basic
 
 
 
 
 
 
 
(Loss) income per share from continuing operations
$
(0.17
)
 
$
3.25

 
$
(1.05
)
 
$
2.83

Loss per share from discontinued operations, net of income taxes
—

 
—

 
(0.01
)
 
—

Net (loss) income per share
$
(0.17
)
 
$
3.25

 
$
(1.06
)
 
$
2.83

Diluted
 
 
 
 
 
 
 
(Loss) income per share from continuing operations
$
(0.17
)
 
$
2.39

 
$
(1.05
)
 
$
2.13

Loss per share from discontinued operations, net of income taxes
—

 
—

 
(0.01
)
 
—

Net (loss) income per share
$
(0.17
)
 
$
2.39

 
$
(1.06
)
 
$
2.13


The following table sets forth the potentially dilutive securities excluded from the computation because their effect would have been anti-dilutive: 
 
Three months ended August 31,
 
Nine months ended August 31,
 
2014
 
2013
 
2014
 
2013
 
(In millions)
4.0625% Convertible Subordinated Debentures (“4 1/16% Debentures”)
15.4

 
—

 
18.9

 
—

Employee stock options
0.2

 
—

 
0.2

 
—

Unvested restricted shares
1.9

 
1.0

 
1.6

 
1.1

Total potentially dilutive securities
17.5

 
1.0

 
20.7

 
1.1