Earnings Per Share

6 Months Ended

Jun. 30, 2011

Earnings Per Share

Earnings Per Share

c. The following table shows how earnings (loss) per common share attributable to Unisys Corporation was computed for the three and six months ended June 30, 2011 and 2010 (dollars in millions, shares in thousands):

	Three Months Ended June 30,					Six Months Ended June 30,
	2011			2010		2011			2010
Basic Earnings (Loss) Per Common Share
Net (loss) income from continuing operations attributable to Unisys Corporation common shareholders	$	(11.6	)	$	59.2	$	(52.4	)	$	41.9
Income from discontinued operations, net of tax		—			61.0		—			66.7
Net (loss) income attributable to Unisys Corporation common shareholders	$	(11.6	)	$	120.2	$	(52.4	)	$	108.6
Weighted average shares		43,106			42,590		42,971			42,494
Continuing operations	$	(.27	)	$	1.39	$	(1.22	)	$	.99
Discontinued operations		—			1.43		—			1.57
Total	$	(.27	)	$	2.82	$	(1.22	)	$	2.56
Diluted Earnings (Loss) Per Common Share
Net (loss) income from continuing operations attributable to Unisys Corporation common shareholders	$	(11.6	)	$	59.2	$	(52.4	)	$	41.9
Add preferred stock dividends		—			—		—			—
Net (loss) income from continuing operations attributable to Unisys Corporation for diluted earnings per share		(11.6	)		59.2		(52.4	)		41.9
Income from discontinued operations, net of tax		—			61.0		—			66.7
Net (loss) income attributable to Unisys Corporation for diluted earnings per share	$	(11.6	)	$	120.2	$	(52.4	)	$	108.6
Weighted average shares		43,106			42,590		42,971			42,494
Plus incremental shares from assumed conversions
Employee stock plans		—			739		—			862
Preferred stock		—			—		—			—
Adjusted weighted average shares		43,106			43,329		42,971			43,356
Continuing operations	$	(.27	)	$	1.36	$	(1.22	)	$	.96
Discontinued operations		—			1.41		—			1.54
Total	$	(.27	)	$	2.77	$	(1.22	)	$	2.50

The following number of stock options and restricted stock units was antidilutive and therefore excluded from the computation of diluted earnings per share (in thousands): 2011, 3,265 and 2010, 2,545. The following number of mandatory convertible preferred stock was antidilutive and therefore excluded from the computation of diluted earnings per share (in thousands): 2011, 2,588.