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EARNINGS PER SHARE
 9 Months Ended
Sep. 30, 2015
Earnings Per Share [Abstract]  
EARNINGS PER SHARE

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 nine month periods ended September 30, 2015 and 2014. 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 nine month periods ended September 30, 2015 and 2014, 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 nine months ended September 30, 2015, all common stock equivalents were excluded from the computation of diluted earnings (loss) per share 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 nine month periods ended September 30, 2015 and 2014:

 

 

 

 

 

 

 

Three Months Ended September 30,

 

 

Nine Months Ended September 30,

 

(Amounts in millions)

 

2015

 

 

2014

 

 

2015

 

 

2014

 

Numerator

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Income (loss) from continuing operations

 

  $

(797.5

)

 

  $

43.5

 

 

  $

(785.7

)

 

  $

63.2

 

Less net income (loss) attributable to noncontrolling interest

 

 

(22.9

)

 

 

0.6

 

 

 

(19.8

)

 

 

2.5

 

Income (loss) from continuing operations attributable to Axiall

 

 

(774.6

)

 

 

42.9

 

 

 

(765.9

)

 

 

60.7

 

Income (loss) from discontinued operations

 

 

5.0

 

 

 

1.6

 

 

 

6.3

 

 

 

(0.6

)

Consolidated net income (loss) attributable to Axiall

 

  $

(769.6

)

 

  $

44.5

 

 

  $

(759.6

)

 

  $

60.1

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Denominator

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Weighted average common shares outstanding, basic

 

 

70.6

 

 

 

70.2

 

 

 

70.4

 

 

 

70.0

 

Dilutive impact of stock options and other share-

   based awards

 

 

-

 

 

 

0.4

 

 

 

-

 

 

 

0.6

 

Weighted average common shares outstanding, diluted

 

 

70.6

 

 

 

70.6

 

 

 

70.4

 

 

 

70.6

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Three Months Ended September 30,

 

 

Nine Months Ended September 30,

 

 

 

2015

 

 

2014

 

 

2015

 

 

2014

 

Basic earnings (loss) per share attributable to Axiall:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Basic earnings (loss) per share from continuing

   operations attributable to Axiall

 

  $

(10.98

)

 

  $

0.61

 

 

  $

(10.88

)

 

  $

0.87

 

Basic earnings (loss) per share from discontinued operations

 

 

0.08

 

 

 

0.03

 

 

 

0.09

 

 

 

(0.01

)

Basic earnings (loss) per share attributable to Axiall

 

  $

(10.90

)

 

  $

0.64

 

 

  $

(10.79

)

 

  $

0.86

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Diluted earnings (loss) per share attributable to Axiall:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Diluted earnings (loss) per share from continuing

   operations attributable to Axiall

 

  $

(10.98

)

 

  $

0.61

 

 

  $

(10.88

)

 

  $

0.86

 

Diluted earnings (loss)  per share from discontinued operations

 

 

0.08

 

 

 

0.02

 

 

 

0.09

 

 

 

(0.01

)

Diluted earnings (loss) per share attributable to Axiall

 

  $

(10.90

)

 

  $

0.63

 

 

  $

(10.79

)

 

  $

0.85