Earnings Per Share

3 Months Ended

Mar. 31, 2021

The following table shows how earnings (loss) per share attributable to Unisys Corporation was computed (shares in thousands):


	Three Months Ended March 31,
		2021		2020
Basic earnings (loss) per common share computation:
Net loss from continuing operations attributable to Unisys Corporation		$	(157.8)	$	(53.2)
Income from discontinued operations, net of tax		—		1,068.5
Net income (loss) attributable to Unisys Corporation		$	(157.8)	$	1,015.3

Weighted average shares		64,423		62,650

Basic earnings (loss) per share attributable to Unisys Corporation
Continuing operations		$	(2.45)	$	(0.85)
Discontinued operations		—		17.06
Total		$	(2.45)	$	16.21

Diluted earnings (loss) per common share computation:
Net loss from continuing operations attributable to Unisys Corporation		$	(157.8)	$	(53.2)
Add interest expense on convertible senior notes, net of tax of zero		—		—
Net loss from continuing operations attributable to Unisys Corporation for diluted earnings per share		(157.8)		(53.2)
Income from discontinued operations, net of tax		—		1,068.5
Net income (loss) attributable to Unisys Corporation for diluted earnings per share		$	(157.8)	$	1,015.3

Weighted average shares		64,423		62,650
Plus incremental shares from assumed conversions:
Employee stock plans		—		—
Convertible senior notes		—		—
Adjusted weighted average shares		64,423		62,650

Diluted earnings (loss) per share attributable to Unisys Corporation
Continuing operations		$	(2.45)	$	(0.85)
Discontinued operations		—		17.06
Total		$	(2.45)	$	16.21

Anti-dilutive weighted-average stock options and restricted stock units(i)		1,067		875
Anti-dilutive weighted-average common shares issuable upon conversion of the 5.50% convertible senior notes(i)		2,227		8,625


(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.