Earnings (Loss) Per Share

9 Months Ended

Sep. 30, 2014

Earnings (Loss) 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, 2014 and 2013 (dollars in millions, shares in thousands):

	Three Months Ended Sept. 30,					Nine Months Ended Sept. 30,
	2014		2013			2014			2013
Basic Earnings (Loss) Per Common Share
Net income (loss) attributable to Unisys Corporation common shareholders	$	47.8	$	(11.6	)	$	(17.8	)	$	(25.1	)
Weighted average shares		50,245		43,811			49,144			43,883
Total	$	.95	$	(.26	)	$	(.36	)	$	(.57	)
Diluted Earnings (Loss) Per Common Share
Net income (loss) attributable to Unisys Corporation common shareholders	$	47.8	$	(11.6	)	$	(17.8	)	$	(25.1	)
Add preferred stock dividends		—		—			—			—
Net income (loss) attributable to Unisys Corporation for diluted earnings per share	$	47.8	$	(11.6	)	$	(17.8	)	$	(25.1	)
Weighted average shares		50,245		43,811			49,144			43,883
Plus incremental shares from assumed conversions
Employee stock plans		177		—			—			—
Preferred stock		—		—			—			—
Adjusted weighted average shares		50,422		43,811			49,144			43,883
Total	$	.95	$	(.26	)	$	(.36	)	$	(.57	)

In the nine months ended September 30, 2014 and 2013, 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): 3,318 and 3,264, respectively. In the nine months ended September 30, 2014 and 2013, 585 and 6,913 (in thousands) of weighted-average mandatory convertible preferred stock, respectively, were antidilutive and therefore excluded from the computation of diluted earnings per share in both periods.