EX-11 4 awi-ex11_17.htm EX-11 awi-ex11_17.htm

Exhibit No. 11

Armstrong World Industries, Inc. and Subsidiaries

Computation of Earnings Per Share

(amounts in millions, except per share data)

 

 

2016

 

 

2015

 

 

2014

 

Basic earnings per share from continuing operations

 

 

 

 

 

 

 

 

 

 

 

 

Earnings from continuing operations

 

$

93.9

 

 

$

26.6

 

 

$

79.1

 

Earnings allocated to participating non-vested share awards

 

 

(0.3

)

 

 

(0.1

)

 

 

(0.4

)

Earnings from continuing operations attributable to common shares

 

$

93.6

 

 

$

26.5

 

 

$

78.7

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Basic weighted average number of common shares outstanding

 

 

55.4

 

 

 

55.5

 

 

 

55.0

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Basic earnings per share from continuing operations

 

$

1.69

 

 

$

0.48

 

 

$

1.43

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Diluted earnings per share from continuing operations

 

 

 

 

 

 

 

 

 

 

 

 

Earnings from continuing operations

 

$

93.9

 

 

$

26.6

 

 

$

79.1

 

Earnings allocated to participating non-vested share awards

 

 

(0.3

)

 

 

(0.1

)

 

 

(0.4

)

Earnings from continuing operations attributable to common shares

 

$

93.6

 

 

$

26.5

 

 

$

78.7

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Basic weighted average number of common shares outstanding

 

 

55.4

 

 

 

55.5

 

 

 

55.0

 

Dilutive effect of common stock equivalents

 

 

0.3

 

 

 

0.4

 

 

 

0.4

 

Diluted weighted average number of common shares outstanding

 

 

55.7

 

 

 

55.9

 

 

 

55.4

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Diluted earnings per share from continuing operations

 

$

1.68

 

 

$

0.47

 

 

$

1.42