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Earnings Per Share
 3 Months Ended
Mar. 31, 2012
Earnings Per Share [Abstract]  
EARNINGS PER SHARE NOTE 6 EARNINGS PER SHARE

NOTE 6

EARNINGS PER SHARE

The following table provides a reconciliation of the data used in the calculation of basic and diluted earnings (loss) per share from continuing operations for the quarters ended March 31, 2012 and 2011. The presentation gives effect to the 1:2 Reverse Stock Split, which occurred after market close on October 31, 2011.

 

                 
         2012             2011      

Income (loss) from continuing operations

   $ 10     $ (22 ) 

Weighted average common shares outstanding

     93.9       91.8  

Add: Weighted average restricted stock awards outstanding(a)

     0.4       0.7  

Basic weighted average common shares outstanding

     94.3       92.5  

Add: Dilutive impact of stock options

     1.4       N/A  

Diluted weighted average common shares outstanding

     95.7       92.5  

Basic earnings (loss) per share from continuing operations

   $ 0.11     $ (0.23 ) 
Diluted earnings (loss) per share from continuing operations   $ 0.11     $ (0.23 ) 
(a) Restricted stock awards containing rights to non-forfeitable dividends which participate in undistributed earnings with common shareholders are considered participating securities for purposes of computing earnings per share.

The following table provides the number of shares underlying stock options excluded from the computation of diluted earnings (loss) per share as of March 31, 2012 and 2011 because they were anti-dilutive.

 

                 
     2012     2011  

Anti-dilutive stock options

     1.3       1.4  

Average exercise price

   $             21.16     $             92.56  
Years of expiration     2014-2022       2012-2021