Earnings Per Share

9 Months Ended

Sep. 30, 2012

Earnings Per Share

a. Earnings per Share. The following table shows how earnings per common share attributable to Unisys Corporation was computed for the three and nine months ended September 30, 2012 and 2011 (dollars in millions, shares in thousands):

	Three Months Ended Sept.  30					Nine Months Ended Sept.  30
	2012			2011		2012		2011
Basic Earnings (Loss) Per Common Share
Net income (loss) attributable to Unisys Corporation common shareholders	$	(12.4	)	$	78.6	$	47.6	$	26.2
Weighted average shares		43,966			43,246		43,827		43,063
Total	$	(.28	)	$	1.82	$	1.09	$	.61
Diluted Earnings (Loss) Per Common Share
Net income (loss) attributable to Unisys Corporation common shareholders	$	(12.4	)	$	78.6	$	47.6	$	26.2
Add preferred stock dividends		—			4.1		—		—
Net income (loss) attributable to Unisys Corporation for diluted earnings per share	$	(12.4	)	$	82.7	$	47.6	$	26.2
Weighted average shares		43,966			43,246		43,827		43,063
Plus incremental shares from assumed conversions
Employee stock plans		—			464		446		572
Preferred stock		—			6,913		—		—
Adjusted weighted average shares		43,966			50,623		44,273		43,635
Total	$	(.28	)	$	1.63	$	1.08	$	.60

In the nine months ended September 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): 2,148 and 2,163, respectively. In the nine months ended September 30, 2012 and 2011, 6,913 and 5,402 (in thousands) weighted-average number of mandatory convertible preferred stock were antidilutive and therefore excluded from the computation of diluted earnings per share, respectively.