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EARNINGS PER SHARE | 9 Months Ended
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Sep. 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 nine months ended September 30, 2014 and 2013.
| Three Months |  | Nine Months
For the Periods Ended September 30 | 2014 |  | 2013 |  | 2014 |  | 2013
Basic weighted average common shares outstanding | 91.6 |  |  | 90.4 |  |  | 91.5 |  |  | 91.0 |
Add: Dilutive impact of outstanding equity awards | 1.3 |  |  | 1.5 |  |  | 1.4 |  |  | 1.3 |
Diluted weighted average common shares outstanding | 92.9 |  |  | 91.9 |  |  | 92.9 |  |  | 92.3 |
The following table provides the number of shares underlying stock options excluded from the computation of diluted earnings per share for the three and nine months ended September 30, 2014 and 2013 because they were anti-dilutive.
| Three Months |  | Nine Months
For the Periods Ended September 30 | 2014 |  | 2013 |  | 2014 |  | 2013
Anti-dilutive stock options | 0.2 |  |  | — |  |  | 0.2 |  |  | 0.3 |
Average exercise price | $ | 43.51 |  |  | N/A |  |  | $ | 43.51 |  |  | $ | 26.80 |
Year of expiration | 2024 |  |  | N/A |  |  | 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 nine months ended September 30, 2014, as the three-year performance metric related to the ROIC awards has not yet been achieved.

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