Earnings Per Common Share

12 Months Ended

Dec. 31, 2011

Earnings Per Common Share [Abstract]

Earnings Per Common Share

2. Earnings per common share

The following table shows how the earnings per common share attributable to Unisys Corporation were computed for the three years ended December 31, 2011.

Year ended December 31 (millions, except per share data)	2011		2010		2009
Basic earnings per common share computation
Net income from continuing operations attributable to Unisys Corporation common stockholders	$	120.5	$	158.9	$	172.2
Income from discontinued operations, net of tax		–		77.2		17.1
Net income attributable to Unisys Corporation common stockholders	$	120.5	$	236.1	$	189.3
Weighted average shares (thousands)		43,145		42,562		39,241
Basic earnings per common share
Continuing operations	$	2.79	$	3.74	$	4.38
Discontinued operations		–		1.81		.44
Total	$	2.79	$	5.55	$	4.82
Diluted earnings per common share computation
Net income from continuing operations attributable to Unisys Corporation common shareholders	$	120.5	$	158.9	$	172.2
Add preferred stock dividends		13.5		–		–
Net income from continuing operations attributable to Unisys Corporation for diluted earnings per share		134.0		158.9		172.2
Income from discontinued operations, net of tax		–		77.2		17.1
Net income attributable to Unisys Corporation for diluted earnings per share	$	134.0	$	236.1	$	189.3
Weighted average shares (thousands)		43,145		42,562		39,241
Plus incremental shares from assumed conversions
Employee stock plans		553		771		593
Preferred stock		5,780		–		–
Adjusted weighted average shares		49,478		43,333		39,834
Diluted earnings per common share
Continuing operations	$	2.71	$	3.67	$	4.32
Discontinued operations		–		1.78		.43
Total	$	2.71	$	5.45	$	4.75

In 2011, 2010 and 2009, the following weighted-average number of stock options and restricted stock units were antidilutive and therefore excluded from the computation of diluted earnings per common share (in thousands): 2,119; 2,545; and 3,165, respectively.