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Earnings Per Share (Tables) | 12 Months Ended
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Dec. 31, 2012
Basic and Diluted Loss Per Share | The following table provides a reconciliation of the data used in the calculation of basic and diluted earnings (loss) per share computations for income (loss) from continuing operations for the years ended December 31, 2012, 2011 and 2010. Earnings (loss) per share attributable to participating securities is consistent with the earnings (loss) per share attributable to the common shareholder.
|  | 2012 |  |  | 2011 |  |  | 2010 |
Income (loss) from continuing operations |  | $ | 109.5 |  |  | $ | (576.5 | ) |  | $ | (130.4 | )
Weighted average common shares outstanding |  |  | 92.7 |  |  |  | 92.2 |  |  |  | 91.2 |
Add: Weighted average restricted stock awards outstanding(a) |  |  | 0.3 |  |  |  | 0.6 |  |  |  | 0.8 |
Basic weighted average common shares outstanding |  |  | 93.0 |  |  |  | 92.8 |  |  |  | 92.0 |
Add: Dilutive impact of stock options |  |  | 1.1 |  |  |  | N/A |  |  |  | N/A |
Diluted weighted average common shares outstanding |  |  | 94.1 |  |  |  | 92.8 |  |  |  | 92.0 |
Basic earnings (loss) per share |  | $ | 1.18 |  |  | $ | (6.22 | ) |  | $ | (1.42 | )
Diluted earnings (loss) per share |  | $ | 1.16 |  |  | $ | (6.22 | ) |  | $ | (1.42 | )
(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.
Number of Shares Underlying Stock Options Excluded from Computation of Diluted Loss | Shares underlying stock options excluded from the computation of diluted loss per share because they were anti-dilutive were as follows:
|  | 2012 |  |  | 2011 |  |  | 2010 |
Anti-dilutive stock options |  |  | 2.0 |  |  |  | 2.1 |  |  |  | 1.7 |
Average exercise price(b) |  | $ | 21.47 |  |  | $ | 16.70 |  |  | $ | 85.08 |
Years of expiration |  |  | 2014- 2022 |  |  |  | 2013- 2021 |  |  |  | 2013- 2020 |
(b) | The decrease in average exercise price of anti-dilutive stock options from 2010 to 2011 resulted from the change in stock price of ITT common stock following the Distribution.

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- Definition Tabular disclosure of securities (including those issuable pursuant to contingent stock agreements) that could potentially dilute basic earnings per share (EPS) in the future that were not included in the computation of diluted EPS because to do so would increase EPS amounts or decrease loss per share amounts for the period presented, by antidilutive securities. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (c) -URI http://asc.fasb.org/extlink&oid=6371337&loc=d3e3550-109257 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 128 -Paragraph 40 -Subparagraph c -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy. + Details
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- Definition Tabular disclosure of an entity's basic and diluted earnings per share calculations. + References No definition available. + Details
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