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Earnings Per Share
 12 Months Ended
Dec. 31, 2013
Earnings Per Share

20.    Earnings Per Share

The computations of earnings (loss) per common share were as follows:

 

       
(In millions, except per share data)    2013      2012      2011  

Net income (loss) attributable to Home & Security

    $ 229.7       $ 118.7       $ (35.6 ) 

Basic earnings (loss) per common share

    $ 1.39       $ 0.74       $ (0.23 ) 

Diluted earnings (loss) per common share

    $ 1.34       $ 0.71       $ (0.23 ) 

Basic average shares outstanding

      165.5         160.6         155.2   

Diluted average shares outstanding

      171.3         166.1         155.2   

Antidilutive stock-based awards excluded from weighted-average number of shares outstanding for diluted earnings per share

      0.4         0.7         22.1   

 

Prior to the Separation, the total number of outstanding shares of the Company’s common stock increased significantly. On September 27, 2011, the total number of issued and outstanding shares was increased such that 155,052,629 shares of Home & Security common stock were available for distribution to the holders of common stock of our Former Parent. Basic and diluted earnings per common share and the average number of common shares outstanding were retrospectively restated adjusting the number of shares of Home & Security common stock for the stock split. In periods prior to the Separation, the same number of shares was used to calculate basic and diluted earnings per share because no Home & Security stock-based awards were outstanding prior to the Separation. Stock-based awards were antidilutive in 2011 due to the Company’s net loss.