Earnings (Loss) Per Share (Tables)

9 Months Ended

Sep. 30, 2021

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 (shares in thousands):


	Three Months Ended September 30,				Nine Months Ended September 30,
	2021		2020		2021		2020
Basic earnings (loss) per common share computation:
Net loss from continuing operations attributable to Unisys Corporation	$	(18.7)	$	(13.3)	$	(317.3)	$	(143.0)
Income from discontinued operations, net of tax	—		0.4		—		1,066.8
Net (loss) income attributable to Unisys Corporation	$	(18.7)	$	(12.9)	$	(317.3)	$	923.8

Weighted average shares	67,131		63,032		66,211		62,897

Basic earnings (loss) per share attributable to Unisys Corporation
Continuing operations	$	(0.28)	$	(0.21)	$	(4.79)	$	(2.27)
Discontinued operations	—		0.01		—		16.96
Total	$	(0.28)	$	(0.20)	$	(4.79)	$	14.69

Diluted earnings (loss) per common share computation:
Net loss from continuing operations attributable to Unisys Corporation	$	(18.7)	$	(13.3)	$	(317.3)	$	(143.0)
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	(18.7)		(13.3)		(317.3)		(143.0)
Income from discontinued operations, net of tax	—		0.4		—		1,066.8
Net income (loss) attributable to Unisys Corporation for diluted earnings per share	$	(18.7)	$	(12.9)	$	(317.3)	$	923.8

Weighted average shares	67,131		63,032		66,211		62,897
Plus incremental shares from assumed conversions:
Employee stock plans	—		—		—		—
Convertible senior notes	—		—		—		—
Adjusted weighted average shares	67,131		63,032		66,211		62,897

Diluted earnings (loss) per share attributable to Unisys Corporation
Continuing operations	$	(0.28)	$	(0.21)	$	(4.79)	$	(2.27)
Discontinued operations	—		0.01		—		16.96
Total	$	(0.28)	$	(0.20)	$	(4.79)	$	14.69

Anti-dilutive weighted-average stock options and restricted stock units(i)	764		998		857		892
Anti-dilutive weighted-average common shares issuable upon conversion of the convertible senior notes(i)	—		8,625		742		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.