Earnings Per Share

12 Months Ended

Dec. 31, 2016

Earnings Per Share [Abstract]

Earnings Per Share

The following table sets forth the reconciliation of the numerator and the denominator of basic earnings per share and diluted earnings per share for the years ended December 31: 

	2016		2015			2014
Numerator:
Net income (loss) from continuing operations attributable to The Timken Company	$	152.6	$	(70.8	)	$	146.8
Less: undistributed earnings allocated to nonvested stock	—		—			—
Net income (loss) from continuing operations available to common shareholders for basic earnings per share and diluted earnings per share	$	152.6	$	(70.8	)	$	146.8
Denominator:
Weighted-average number of shares outstanding – basic	78,516,029		84,631,778			90,367,345
Effect of dilutive securities:
Stock options and awards - based on the treasury stock method	718,295		—			856,983
Weighted-average number of shares outstanding, assuming dilution of stock options and awards	79,234,324		84,631,778			91,224,328
Basic earnings (loss) per share from continuing operations	$	1.94	$	(0.84	)	$	1.62
Diluted earnings (loss) per share from continuing operations	$	1.92	$	(0.84	)	$	1.61

The exercise prices for certain stock options that the Company has awarded exceed the average market price of the Company’s common shares. Such stock options are antidilutive and were not included in the computation of diluted earnings per share. During 2015, the Company incurred a net loss and therefore treated all stock options and restricted stock units as antidilutive. The antidilutive stock options outstanding were 2,826,733, 1,986,907 and 523,252 during 2016, 2015 and 2014, respectively.