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Earnings (Loss) Per Share (EPS)
 12 Months Ended
Dec. 31, 2014
Earnings (Loss) per Share (EPS) [Abstract]  
Earnings Per Share [Text Block]
8.
EARNINGS PER SHARE (EPS)

We present earnings per share (EPS) using the two-class method. This method allocates undistributed earnings between common shares and non-vested share based payment awards that entitle the holder to nonforfeitable dividend rights. Our participating securities include non-vested restricted stock units.

The following table sets forth the computation of our basic and diluted EPS available to shareholders of common stock (excluding participating securities):
 
2014
 
2013
 
2012
 
(in millions, except per share data)
Numerator
 
 
 
 
 
Net income attributable to AAM
$
143.0

 
$
94.5

 
$
367.7

Less: Net income attributable to participating securities
(2.9
)
 
(1.9
)
 
(2.6
)
Net income attributable to common shareholders - Basic
$
140.1

 
$
92.6

 
$
365.1

Undistributed earnings reallocated to common shareholders under two step dilutive method
—

 
—

 
—

Net income attributable to common shareholders - Dilutive
$
140.1

 
$
92.6

 
$
365.1

 
 
 
 
 
 
Denominators
 
 
 
 
 
Basic common shares outstanding -
 
 
 
 
 
Weighted-average shares outstanding
77.3

 
76.7

 
75.3

Less: Participating securities
(1.6
)
 
(1.5
)
 
(0.5
)
Weighted-average common shares outstanding
75.7

 
75.2

 
74.8

 
 
 
 
 
 
Effect of dilutive securities -
 
 
 
 
 
Dilutive stock-based compensation
0.2

 
0.1

 
0.1

 
 
 
 
 
 
Diluted shares outstanding -
 
 
 
 
 
Adjusted weighted-average shares after assumed conversions
75.9

 
75.3

 
74.9

 
 
 
 
 
 
Basic EPS
$
1.85

 
$
1.23

 
$
4.88

 
 
 
 
 
 
Diluted EPS
$
1.85

 
$
1.23

 
$
4.87



Certain exercisable stock options were excluded in the computations of diluted EPS because the exercise price of these options was greater than the average annual market prices of our stock. The number of stock options outstanding excluded from the calculation of diluted EPS was 0.5 million at year-end 2014, 2.0 million at year-end 2013 and 3.3 million at year-end 2012. The ranges of exercise prices related to these stock options were $19.54 - $26.65 at year-end 2014, $19.54 - $40.83 at year-end 2013 and $15.58 - $40.83 at year-end 2012.