Loss Per Share of Common Stock (Tables)

6 Months Ended

May 31, 2014

Reconciliation of Numerator and Denominator Used to Calculate Basic and Diluted Loss Per Share of Common Stock

A reconciliation of the numerator and denominator used to calculate basic and diluted loss per share of common stock (“EPS”) is presented in the following table:


	Three months ended May 31,						Six months ended May 31,
	2014			2013			2014			2013
	(In millions, except per share amounts)
Numerator:
Loss from continuing operations	$	(49.4	)	$	(11.7	)	$	(51.5	)	$	(25.8	)
Loss from discontinued operations, net of income taxes		(0.8	)		(0.1	)		(0.8	)		—

Net loss for basic and diluted earnings per share	$	(50.2	)	$	(11.8	)	$	(52.3	)	$	(25.8	)

Denominator:
Basic and diluted weighted average shares		57.9			59.5			58.7			59.4

Basic and Diluted EPS:
Loss per share from continuing operations	$	(0.86	)	$	(0.20	)	$	(0.88	)	$	(0.43	)
Loss per share from discontinued operations, net of income taxes		(0.01	)		—			(0.01	)		—

Net loss per share	$	(0.87	)	$	(0.20	)	$	(0.89	)	$	(0.43	)

Schedule of Potentially Dilutive Securities Excluded from Computation

The following table sets forth the potentially dilutive securities excluded from the computation because their effect would have been anti-dilutive:


	Three months ended May 31,				Six months ended May 31,
	2014		2013		2014		2013
	(In millions)
4.0625% Convertible Subordinated Debentures (“4 ¹⁄₁₆% Debentures”)		19.7		22.2		20.4		22.2
Employee stock options		0.7		0.7		0.7		0.7
Unvested restricted shares		1.5		1.1		1.5		1.2

Total potentially dilutive securities		21.9		24.0		22.6		24.1