Earnings (loss) per common share (Tables)

12 Months Ended

Dec. 31, 2022

Schedule of Computation of Earnings (Loss) Per Common Share Attributable to Unisys Corporation

The following table shows how earnings (loss) per common share attributable to Unisys Corporation was computed for the three years ended December 31, 2022 (shares in thousands).


Year ended December 31,	2022		2021		2020
Basic earnings (loss) per common share computation:
Net loss from continuing operations attributable to Unisys Corporation	$	(106.0)	$	(448.5)	$	(317.7)
Income from discontinued operations, net of tax	—		—		1,068.4
Net (loss) income attributable to Unisys Corporation	$	(106.0)	$	(448.5)	$	750.7

Weighted average shares	67,665		66,451		62,932

Basic earnings (loss) per share attributable to Unisys Corporation
Continuing operations	$	(1.57)	$	(6.75)	$	(5.05)
Discontinued operations	—		—		16.98
Total	$	(1.57)	$	(6.75)	$	11.93

Diluted earnings (loss) per common share computation:
Net loss from continuing operations attributable to Unisys Corporation	$	(106.0)	$	(448.5)	$	(317.7)
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	(106.0)		(448.5)		(317.7)
Income from discontinued operations, net of tax	—		—		1,068.4
Net (loss) income attributable to Unisys Corporation for diluted earnings per share	$	(106.0)	$	(448.5)	$	750.7

Weighted average shares	67,665		66,451		62,932
Plus incremental shares from assumed conversions:
Employee stock plans	—		—		—
Convertible senior notes	—		—		—
Adjusted weighted average shares	67,665		66,451		62,932

Diluted earnings (loss) per common share attributable to Unisys Corporation
Continuing operations	$	(1.57)	$	(6.75)	$	(5.05)
Discontinued operations	—		—		16.98
Total	$	(1.57)	$	(6.75)	$	11.93

Anti-dilutive weighted-average stock options and restricted stock units(i)	481		871		579
Anti-dilutive weighted-average common shares issuable upon conversion of the 5.50% convertible senior notes(i) (see Note 16, “Debt”)	—		557		3,425

(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.