EARNINGS PER SHARE

3 Months Ended

Mar. 31, 2017



(in millions, except per share data)	Three Months Ended March 31,
	2017			2016
Income (loss) from continuing operations attributable to Terex Corporation Common Stockholders	$	(60.3	)	$	(22.0	)
Income (loss) from discontinued operations–net of tax	—			(52.2		)
Gain (loss) on disposition of discontinued operations–net of tax	55.7			3.4
Net income (loss) attributable to Terex Corporation	$	(4.6	)	$	(70.8	)
Basic shares:
Weighted average shares outstanding	105.2			108.8
Earnings (loss) per share – basic:
Income (loss) from continuing operations	$	(0.57	)	$	(0.20	)
Income (loss) from discontinued operations–net of tax	—			(0.48		)
Gain (loss) on disposition of discontinued operations–net of tax	0.53			0.03
Net income (loss) attributable to Terex Corporation	$	(0.04	)	$	(0.65	)
Diluted shares:
Weighted average shares outstanding - basic	105.2			108.8
Effect of dilutive securities:
Stock options and restricted stock awards	—			—
Diluted weighted average shares outstanding	105.2			108.8
Earnings (loss) per share – diluted:
Income (loss) from continuing operations	$	(0.57	)	$	(0.20	)
Income (loss) from discontinued operations–net of tax	—			(0.48		)
Gain (loss) on disposition of discontinued operations–net of tax	0.53			0.03
Net income (loss) attributable to Terex Corporation	$	(0.04	)	$	(0.65	)

Weighted average options to purchase approximately 8,000 and 139,000 shares of the Company’s common stock, par value $0.01 per share (“Common Stock”), were outstanding during the three months ended March 31, 2017 and March 31, 2016, respectively, but were not included in the computation of diluted shares as the effect would be anti-dilutive. Weighted average restricted stock awards of 2.3 million and 2.5 million were outstanding during the three months ended March 31, 2017 and 2016, respectively, but were not included in the computation of diluted shares because the effect would be anti-dilutive or performance targets were not yet achieved for awards contingent upon performance. ASC 260, “Earnings per Share,” requires that employee stock options and non-vested restricted shares granted by the Company be treated as potential common shares outstanding in computing diluted earnings per share. Under the treasury stock method, the amount the employee must pay for exercising stock options and the amount of compensation cost for future services that the Company has not yet recognized are assumed to be used to repurchase shares.