2. EARNINGS (LOSS) PER SHARE

Basic earnings (loss) per share from continuing operations attributable to Axiall is based on the weighted-average number of common shares outstanding during the three and six month periods ended June 30, 2016 and 2015. Diluted earnings (loss) per share from continuing operations attributable to Axiall is based on the weighted-average number of common shares outstanding during the three and six month periods ended June 30, 2016 and 2015, adjusted for the dilutive effect of employee share-based compensation and other share-based compensation awards.

Due to the net loss from continuing operations in the three and six month periods ended June 30, 2016, common stock equivalents of 0.4 million shares and 0.3 million shares, respectively, were excluded from the computation of diluted loss per share in both periods due to their anti-dilutive effect. Certain of our restricted stock units participate in dividend distributions; however, the distributions for these restricted stock units do not have a material impact on our earnings (loss) per share calculation.

The following table provides a reconciliation of the numerators and denominators used to determine basic and diluted earnings (loss) per share from continuing operations attributable to Axiall and discontinued operations for the three and six month periods ended June 30, 2016 and 2015:


	Three Months Ended June 30,				Six Months Ended June 30,
*(In millions, except per share data)*	2016		2015		2016		2015
Numerator
Income (loss) from continuing operations	$	(27.3)	$	22.8	$	(57.6)	$	20.4
Less: net income attributable to noncontrolling interest		0.5		1.3		0.8		3.1

Income (loss) from continuing operations attributable to Axiall		(27.8)		21.5		(58.4)		17.3
Net loss from discontinued operations		-		(0.9)		(23.0)		(7.3)

Consolidated net income (loss) attributable to Axiall	$	(27.8)	$	20.6	$	(81.4)	$	10.0

Denominator
Weighted average common shares outstanding, basic		70.6		70.4		70.6		70.3
Dilutive impact of stock options and other share-based awards		-		0.5		-		0.6

Weighted average common shares outstanding, diluted		70.6		70.9		70.6		70.9


Basic earnings (loss) per share attributable to Axiall:
Basic earnings (loss) per share from continuing operations	$	(0.39)	$	0.30	$	(0.83)	$	0.25
Basic loss per share from discontinued operations		-		(0.01)		(0.32)		(0.11)

Basic earnings (loss) per share attributable to Axiall	$	(0.39)	$	0.29	$	(1.15)	$	0.14


Diluted earnings (loss) per share attributable to Axiall:
Diluted earnings (loss) per share from continuing operations	$	(0.39)	$	0.30	$	(0.83)	$	0.25
Diluted loss per share from discontinued operations		-		(0.01)		(0.32)		(0.11)

Diluted earnings (loss) per share attributable to Axiall	$	(0.39)	$	0.29	$	(1.15)	$	0.14