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EARNINGS PER SHARE | 6 Months Ended
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Jun. 30, 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 and six months ended June 30, 2014 and 2013.
| Three Months |  | Six Months
For the Periods Ended June 30 | 2014 |  | 2013 |  | 2014 |  | 2013
Weighted average common shares outstanding | 91.7 |  |  | 90.4 |  |  | 91.5 |  |  | 91.1 |
Add: Weighted average restricted stock awards outstanding(a) | — |  |  | — |  |  | — |  |  | 0.1 |
Basic weighted average common shares outstanding | 91.7 |  |  | 90.4 |  |  | 91.5 |  |  | 91.2 |
Add: Dilutive impact of outstanding equity awards | 1.3 |  |  | 1.2 |  |  | 1.3 |  |  | 1.2 |
Diluted weighted average common shares outstanding | 93.0 |  |  | 91.6 |  |  | 92.8 |  |  | 92.4 |
(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 and six months ended June 30, 2014 and 2013 because they were anti-dilutive.
| Three Months |  | Six Months
For the Periods Ended June 30 | 2014 |  | 2013 |  | 2014 |  | 2013
Anti-dilutive stock options | 0.2 |  |  | 0.4 |  |  | 0.2 |  |  | 0.2 |
Average exercise price | $ | 43.51 |  |  | $ | 26.79 |  |  | $ | 43.51 |  |  | $ | 26.79 |
Year of expiration | 2024 |  |  | 2023 |  |  | 2024 |  |  | 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 and six months ended June 30, 2014, as the three-year performance metric related to the ROIC awards has not yet been achieved.

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- Definition The entire disclosure for earnings per share. + 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 (a) -URI http://asc.fasb.org/extlink&oid=6371337&loc=d3e3550-109257 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 45 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=7655603&loc=d3e1278-109256 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 45 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=7655603&loc=d3e1252-109256 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 55 -Paragraph 52 -URI http://asc.fasb.org/extlink&oid=32703322&loc=d3e4984-109258 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 225 -SubTopic 10 -Section S99 -Paragraph 2 -Subparagraph (SX 210.5-03.21) -URI http://asc.fasb.org/extlink&oid=26872669&loc=d3e20235-122688 + Details
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