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EARNINGS PER SHARE | 3 Months Ended
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Mar. 31, 2014
Earnings Per Share [Abstract] |
EARNINGS PER SHARE | EARNINGS PER SHARE The following table provides a reconciliation of the data used in the calculation of basic and diluted earnings per share from continuing operations attributable to ITT Corporation for the three months ended March 31, 2014 and 2013.
For the Three Months Ended March 31 | 2014 |  | 2013
Weighted average common shares outstanding | 91.4 |  |  | 91.9 |
Add: Weighted average restricted stock awards outstanding(a) | — |  |  | 0.1 |
Basic weighted average common shares outstanding | 91.4 |  |  | 92.0 |
Add: Dilutive impact of stock options and restricted stock units | 1.4 |  |  | 1.2 |
Diluted weighted average common shares outstanding | 92.8 |  |  | 93.2 |
(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 per share for the three months ended March 31, 2014 and 2013 because they were anti-dilutive.
For the Three Months Ended March 31 | 2014 |  | 2013
Anti-dilutive stock options | 0.2 |  |  | 0.4 |
Average exercise price | $ | 43.52 |  |  | $ | 23.81 |
Year(s) of expiration | 2024 |  |  | 2022-2023 |
In addition, 0.2 of outstanding employee return on invested capital (ROIC) awards were excluded from the computation of diluted earnings per share for the three months ended March 31, 2014, as the three-year performance metric related to the ROIC awards has not yet been achieved.

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