Earnings Per Share

6 Months Ended

Jun. 30, 2017

The following table shows how the income (loss) per share attributable to Unisys Corporation was computed for the three and six months ended June 30, 2017 and 2016 (shares in thousands):



	Three Months Ended June 30,					Six Months Ended June 30,
	2017			2016		2017			2016
Basic earnings (loss) per common share computation:
Net income (loss) attributable to Unisys Corporation	$	(42.0	)	$	21.6	$	(74.7	)	$	(18.3	)
Weighted average shares	50,437			50,069		50,346			50,036
Basic earnings (loss) per common share	$	(0.83	)	$	0.43	$	(1.48	)	$	(0.37	)
Diluted earnings (loss) per common share computation:
Net income (loss) attributable to Unisys Corporation	$	(42.0	)	$	21.6	$	(74.7	)	$	(18.3	)
Add interest expense on convertible notes, net of tax of zero	—			4.5		—			—
Net income (loss) attributable to Unisys Corporation for diluted earnings per share	$	(42.0	)	$	26.1	$	(74.7	)	$	(18.3	)
Weighted average shares	50,437			50,069		50,346			50,036
Plus incremental shares from assumed conversions:
Employee stock plans	—			167		—			—
Convertible notes	—			21,550		—			—
Adjusted weighted average shares	50,437			71,786		50,346			50,036
Diluted earnings (loss) per common share	$	(0.83	)	$	0.36	$	(1.48	)	$	(0.37	)

In the six months ended June 30, 2017 and 2016, the following weighted-average number of stock options and restricted stock units were antidilutive and therefore excluded from the computation of diluted earnings per share (in thousands): 3,517 and 3,684, respectively. In the six months ended June 30, 2017 and 2016, the following weighted-average number of common shares issuable upon conversion of the 5.50% convertible senior notes due 2021 were antidilutive and therefore excluded from the computation of diluted earnings per share (in thousands): 21,868 and 12,593, respectively.