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Earnings Per Share (Tables)
6 Months Ended
Jun. 30, 2020
Earnings Per Share [Abstract]  
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 six months ended June 30, 2020 and 2019 (shares in thousands):
 
 
Three Months Ended
June 30,
 
Six Months Ended
June 30,
 
 
2020
 
2019
 
2020
 
2019
Basic earnings (loss) per common share computation:
 
 
 
 
 
 
 
 
Net income (loss) from continuing operations attributable to Unisys Corporation
 
$
(76.5
)
 
$
0.7

 
$
(129.7
)
 
$
(32.0
)
Income (loss) from discontinued operations, net of tax
 
(2.1
)
 
25.5

 
1,066.4

 
38.8

Net income (loss) attributable to Unisys Corporation
 
$
(78.6
)
 
$
26.2

 
$
936.7

 
$
6.8

 
 
 
 
 
 
 
 
 
Weighted average shares
 
63,010

 
51,782

 
62,830

 
51,600

 
 
 
 
 
 
 
 
 
Basic earnings (loss) per share attributable to Unisys Corporation
 
 
 
 
 
 
 
 
Continuing operations
 
$
(1.21
)
 
$
0.01

 
$
(2.06
)
 
$
(0.62
)
Discontinued operations
 
(0.04
)
 
0.50

 
16.97

 
0.75

Total
 
$
(1.25
)
 
$
0.51

 
$
14.91

 
$
0.13

 
 
 
 
 
 
 
 
 
Diluted earnings (loss) per common share computation:
 
 
 
 
 
 
 
 
Net income (loss) from continuing operations attributable to Unisys Corporation
 
$
(76.5
)
 
$
0.7

 
$
(129.7
)
 
$
(32.0
)
Add interest expense on convertible senior notes, net of tax of zero
 

 

 

 

Net income (loss) from continuing operations attributable to Unisys Corporation for diluted earnings per share
 
(76.5
)
 
0.7

 
(129.7
)
 
(32.0
)
Income from discontinued operations, net of tax
 
(2.1
)
 
25.5

 
1,066.4

 
38.8

Net income (loss) attributable to Unisys Corporation for diluted earnings per share
 
$
(78.6
)
 
$
26.2

 
$
936.7

 
$
6.8

 
 
 
 
 
 
 
 
 
Weighted average shares
 
63,010

 
51,782

 
62,830

 
51,600

Plus incremental shares from assumed conversions:
 
 
 
 
 
 
 
 
Employee stock plans
 

 
328

 

 

Convertible senior notes
 

 

 

 

Adjusted weighted average shares
 
63,010

 
52,110

 
62,830

 
51,600

 
 
 
 
 
 
 
 
 
Diluted earnings (loss) per share attributable to Unisys Corporation
 
 
 
 
 
 
 
 
Continuing operations
 
$
(1.21
)
 
$
0.01

 
$
(2.06
)
 
$
(0.62
)
Discontinued operations
 
(0.04
)
 
0.49

 
16.97

 
0.75

Total
 
$
(1.25
)
 
$
0.50

 
$
14.91

 
$
0.13

 
 
 
 
 
 
 
 
 
Anti-dilutive weighted-average stock options and restricted stock units(i)
 
1,274

 
1,572

 
1,074

 
1,360

Anti-dilutive weighted-average common shares issuable upon conversion of the 5.50% convertible senior notes(i)
 
8,625

 
21,868

 
8,625

 
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.