EARNINGS PER SHARE
The calculation of earnings per share is as follows: | | | | | | | | | | | | | | Years ended December 31, | In millions, except per share data | 2015 | | 2014 | | 2013 | Income from continuing operations, net of taxes |
| $964.1 |
| |
| $1,004.5 |
| |
| $918.3 |
| Net (income)/loss attributable to noncontrolling interests in consolidated entities | 4.0 |
| | (13.0 | ) | | (42.5 | ) | Income from continuing operations attributable to Invesco Ltd. for basic and diluted EPS calculations | 968.1 |
| | 991.5 |
| | 875.8 |
| Income from discontinued operations, net of taxes | — |
| | (3.4 | ) | | 64.5 |
| Net income attributable to Invesco Ltd. | 968.1 |
| | 988.1 |
| | 940.3 |
| Less: Allocation of earnings to restricted shares | (24.6 | ) | | (28.2 | ) | | (32.1 | ) | Net income attributable to common shareholders |
| $943.5 |
| |
| $959.9 |
| |
| $908.2 |
| | | | | | | Invesco Ltd: | | | | | | Weighted average shares outstanding - basic | 428.9 |
| | 435.0 |
| | 447.5 |
| Dilutive effect of non-participating share-based awards | 0.4 |
| | 0.6 |
| | 1.0 |
| Weighted average shares outstanding - diluted | 429.3 |
| | 435.6 |
| | 448.5 |
| | | | | | | Common shareholders: | | | | | | Weighted average shares outstanding - basic | 428.9 |
| | 435.0 |
| | 447.5 |
| Less: Weighted average restricted shares | (10.9 | ) | | (12.4 | ) | | (15.3 | ) | Weighted average common shares outstanding- basic | 418.0 |
| | 422.6 |
| | 432.2 |
| Dilutive effect of non-participating share-based awards | 0.4 |
| | 0.6 |
| | 1.0 |
| Weighted average common shares outstanding - diluted | 418.4 |
| | 423.2 |
| | 433.2 |
| | | | | | | Basic earnings per share: | | | | | | Earnings per share from continuing operations | $2.26 | | $2.28 | | $1.96 | Earnings per share from discontinued operations |
| $— |
| | ($0.01) | | $0.14 | Basic earnings per share | $2.26 | | $2.27 | | $2.10 | | | | | | | Diluted earnings per share: | | | | | | Earnings per share from continuing operations | $2.26 | | $2.28 | | $1.95 | Earnings per share from discontinued operations |
| $— |
| | ($0.01) | | $0.14 | Diluted earnings per share | $2.26 | | $2.27 | | $2.10 |
See Note 11, “Share-Based Compensation,” for a summary of share awards outstanding under the company's share-based payment programs. These programs could result in the issuance of common shares that would affect the measurement of basic and diluted earnings per share.
There were no time-vested share awards that were excluded from the computation of diluted earnings per share during the years ended December 31, 2015, 2014, and 2013 due to their inclusion being anti-dilutive. There were 0.4 million contingently issuable shares excluded from the diluted earnings per share computation during year ended December 31, 2015 (December 31, 2014: 0.3 million; December 31, 2013: 0.3 million), because the necessary performance conditions for the shares to be issuable had not yet been satisfied at the end of the respective period. |