XML 30 R18.htm IDEA: XBRL DOCUMENT v3.22.2.2
Earnings (loss) per common share
 12 Months Ended
Dec. 31, 2021
Earnings Per Share [Abstract]  
Earnings (loss) per common share
Note 9 — Earnings (loss) per common share
The following table shows how earnings (loss) per common share attributable to Unisys Corporation was computed for the three years ended December 31, 2021 (shares in thousands).
 
Year ended December 31,
   
2021
      2020      2019  
Basic earnings (loss) per common share computation:
                           
Net loss from continuing operations attributable to Unisys Corporation
   
$
(448.5
) 
    $ (317.7 )     $ (92.2 ) 
Income from discontinued operations, net of tax
   
 
—  
 
      1,068.4        75.0  
    
 
 
     
 
 
     
 
 
  
Net (loss) income attributable to Unisys Corporation
   
$
(448.5
) 
    $ 750.7      $ (17.2 ) 
    
 
 
     
 
 
     
 
 
  
Weighted average shares
   
 
66,451
 
      62,932        55,961  
Basic earnings (loss) per share attributable to Unisys Corporation
                           
Continuing operations
   
$
(6.75
) 
    $ (5.05 )     $ (1.65 ) 
Discontinued operations
   
 
—  
 
      16.98        1.34  
    
 
 
     
 
 
     
 
 
  
Total
   
$
(6.75
) 
    $ 11.93      $ (0.31 ) 
    
 
 
     
 
 
     
 
 
  
Diluted earnings (loss) per common share computation:
                           
Net loss from continuing operations attributable to Unisys Corporation
   
$
(448.5
) 
    $ (317.7 )     $ (92.2 ) 
Add interest expense on convertible senior notes, net of tax of zero
   
 
—  
 
      —          —    
    
 
 
     
 
 
     
 
 
  
Net loss from continuing operations attributable to Unisys Corporation for diluted earnings per share
   
 
(448.5
) 
      (317.7 )       (92.2 ) 
Income from discontinued operations, net of tax
   
 
—  
 
      1,068.4        75.0  
    
 
 
     
 
 
     
 
 
  
Net (loss) income attributable to Unisys Corporation for diluted earnings per share
   
$
(448.5
) 
    $ 750.7      $ (17.2 ) 
    
 
 
     
 
 
     
 
 
  
Weighted average shares
   
 
66,451
 
      62,932        55,961  
Plus incremental shares from assumed conversions:
                           
Employee stock plans
   
 
—  
 
      —          —    
Convertible senior notes
   
 
—  
 
      —          —    
    
 
 
     
 
 
     
 
 
  
Adjusted weighted average shares
   
 
66,451
 
      62,932        55,961  
    
 
 
     
 
 
     
 
 
  
Diluted earnings (loss) per common share attributable to Unisys Corporation
                           
Continuing operations
   
$
(6.75
) 
    $ (5.05 )     $ (1.65 ) 
Discontinued operations
   
 
—  
 
      16.98        1.34  
    
 
 
     
 
 
     
 
 
  
Total
   
$
(6.75
) 
    $ 11.93      $ (0.31 ) 
    
 
 
     
 
 
     
 
 
  
Anti-dilutive weighted-average stock options and restricted stock units
(i)
   
 
871
 
      579        1,393  
Anti-dilutive weighted-average common shares issuable upon conversion of the 5.50% convertible senior notes
(i)
(see Note 16, “Debt”)
   
 
557
 
      3,425        16,578  
 
(i)
 
Amounts represent shares excluded from the computation of diluted earnings per share, as their effect, if included, would have been anti-dilutive for the periods presented.