Computation of Earnings (Loss) Per Common Share Attributable to Unisys Corporation |
The following table shows how earnings (loss) per share attributable to Unisys Corporation was computed for the three and nine months ended September 30, 2018 and 2017 (shares in thousands): | | | | | | | | | | | | | | | | | | | | Three Months Ended September 30, | | Nine Months Ended September 30, | | | 2018 | | 2017 | | 2018 | | 2017 | Basic earnings (loss) per common share computation: | | | | | | | | | Net income (loss) attributable to Unisys Corporation | | $ | 6.1 |
| | $ | (41.1 | ) | | $ | 50.5 |
| | $ | (115.8 | ) | Weighted average shares | | 51,021 |
| | 50,471 |
| | 50,918 |
| | 50,388 |
| Basic earnings (loss) per common share | | $ | 0.12 |
| | $ | (0.81 | ) | | $ | 0.99 |
| | $ | (2.30 | ) | Diluted earnings (loss) per common share computation: | | | | | | | | | Net income (loss) attributable to Unisys Corporation | | $ | 6.1 |
| | $ | (41.1 | ) | | $ | 50.5 |
| | $ | (115.8 | ) | Add interest expense on convertible senior notes, net of tax of zero | | — |
| | — |
| | 14.6 |
| | — |
| Net income (loss) attributable to Unisys Corporation for diluted earnings per share | | $ | 6.1 |
| | $ | (41.1 | ) | | $ | 65.1 |
| | $ | (115.8 | ) | Weighted average shares | | 51,021 |
| | 50,471 |
| | 50,918 |
| | 50,388 |
| Plus incremental shares from assumed conversions: | | | | | | | | | Employee stock plans | | 697 |
| | — |
| | 479 |
| | — |
| Convertible senior notes | | — |
| | — |
| | 21,868 |
| | — |
| Adjusted weighted average shares | | 51,718 |
| | 50,471 |
| | 73,265 |
| | 50,388 |
| Diluted earnings (loss) per common share | | $ | 0.12 |
| | $ | (0.81 | ) | | $ | 0.89 |
| | $ | (2.30 | ) | | | | | | | | | | Anti-dilutive weighted-average stock options and restricted stock units(i) | | 1,136 |
| | 2,236 |
| | 1,274 |
| | 2,215 |
| Anti-dilutive weighted-average common shares issuable upon conversion of the 5.50% convertible senior notes(i) | | 21,868 |
| | 21,868 |
| | — |
| | 21,868 |
|
| | | (i) | Amounts represent shares excluded from the computation of diluted earnings per share, as their effect, if included, would have been anti-dilutive for the periods presented. |
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