XML 47 R36.htm IDEA: XBRL DOCUMENT v3.10.0.1
Earnings Per Share (Tables)
 6 Months Ended
Jun. 30, 2018
Earnings Per Share [Abstract]  
Schedule of Earnings Per Share, Basic and Diluted [Table Text Block]
The following table sets forth the computation of our basic and diluted EPS available to shareholders of common stock (excluding participating securities):

 
 
Three Months Ended
 
Six Months Ended
 
 
June 30,
 
June 30,
 
 
2018
 
2017
 
2018
 
2017
 
 
(in millions, except per share data)
Numerator
 
 

 
 
 
 
 
 
Net income attributable to AAM
 
$
151.1

 
$
66.2

 
$
240.5

 
$
144.6

    Less: Net income attributable to participating securities
 
(4.9
)
 
(1.4
)
 
(6.8
)
 
(3.3
)
Net income attributable to common shareholders - Basic and Dilutive
 
$
146.2

 
$
64.8

 
$
233.7

 
$
141.3

 
 
 
 
 
 
 
 
 
Denominators
 
 

 
 

 
 
 
 
Basic common shares outstanding -
 
 

 
 

 
 
 
 
   Weighted-average shares outstanding
 
115.4

 
111.6

 
114.8

 
95.2

        Less: Participating securities
 
(3.7
)
 
(2.3
)
 
(3.3
)
 
(2.2
)
    Weighted-average common shares outstanding
 
111.7

 
109.3

 
111.5

 
93.0

 
 
 
 
 
 
 
 
 
Effect of dilutive securities -
 
 

 
 

 
 
 
 
   Dilutive stock-based compensation
 
0.6

 
0.4

 
0.6

 
0.4

 
 


 


 
 
 
 
Diluted shares outstanding -
 
 

 
 

 
 
 
 
   Adjusted weighted-average shares after assumed conversions
 
112.3

 
109.7

 
112.1

 
93.4

 
 
 

 
 

 
 
 
 
Basic EPS
 
$
1.31

 
$
0.59

 
$
2.09

 
$
1.52

 
 
 

 
 

 
 
 
 
Diluted EPS
 
$
1.30

 
$
0.59

 
$
2.08

 
$
1.51