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EARNINGS PER SHARE (Tables) | 9 Months Ended
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Sep. 30, 2014
Earnings Per Share [Abstract] |
Basic and Diluted Loss 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 |
Number of Shares Underlying Stock Options Excluded from the Computation of Diluted Earnings | 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 |

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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 + Details
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- Definition Tabular disclosure of an entity's basic and diluted earnings per share calculations, including a reconciliation of numerators and denominators of the basic and diluted per-share computations for income from continuing operations. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6371337&loc=d3e3550-109257 + Details
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