Earnings per Share

6 Months Ended

Jun. 30, 2012

Earnings per Share

a. Earnings per Share. 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, 2012 and 2011 (dollars in millions, shares in thousands):

	Three Months Ended June 30,					Six Months Ended June 30,
	2012		2011			2012		2011
Basic Earnings (Loss) Per Common Share
Net (loss) income attributable to Unisys Corporation common shareholders	$	46.6	$	(11.6	)	$	60.0	$	(52.4	)
Weighted average shares		43,905		43,106			43,758		42,971
Total	$	1.06	$	(.27	)	$	1.37	$	(1.22	)
Diluted Earnings (Loss) Per Common Share
Net income (loss) attributable to Unisys Corporation common shareholders	$	46.6	$	(11.6	)	$	60.0	$	(52.4	)
Add preferred stock dividends		4.1		—			8.1		—
Net income (loss) attributable to Unisys Corporation for diluted earnings per share	$	50.7	$	(11.6	)	$	68.1	$	(52.4	)
Weighted average shares		43,905		43,106			43,758		42,971
Plus incremental shares from assumed conversions
Employee stock plans		426		—			439		—
Preferred stock		6,913		—			6,913		—
Adjusted weighted average shares		51,244		43,106			51,110		42,971
Total	$	.99	$	(.27	)	$	1.33	$	(1.22	)

In the six months ended June 30, 2012 and 2011, the following weighted-average number of stock options and restricted stock units were antidilutive and therefore excluded from the computation of diluted earnings per share (in thousands): 2,281 and 3,265, respectively. In the six months ended June 30, 2011, the following weighted-average number of mandatory convertible preferred stock were antidilutive and therefore excluded from the computation of diluted earnings per share (in thousands): 4,647.