Income Per Share

6 Months Ended

Jun. 30, 2015

Income (Loss) per Share

Basic income (loss) per share is based upon the weighted average number of common shares outstanding during the period. Dilutive income (loss) per share includes additional common shares that would have been outstanding if potential common shares with a dilutive effect had been issued using the treasury stock method.

A reconciliation of the number of shares used for the basic and diluted income (loss) per share calculations is as follows:



	Three Months Ended		Six Months Ended
	June 30,		June 30,
Shares in millions	2015	2014	2015	2014
Basic weighted average common shares outstanding	144	145	144	146
Stock options and restricted shares	—	—	—	—
Diluted weighted average common shares outstanding	144	145	144	146

For purposes of applying the two-class method in computing income (loss) per share, there were $0.6 million and $0.9 million net earnings allocated to participating securities, or a negligible amount per share, for the three and six months ended June 30, 2015, respectively. There were no net earnings allocated to participating securities for each of the three and six months ended June 30, 2014. The diluted income (loss) per share calculation did not include 3.8 million and 3.6 million antidilutive weighted average shares for the three and six months ended June 30, 2015, respectively. The diluted income (loss) per share calculation did not include 3.1 million and 2.5 million antidilutive weighted average shares for the three and six months ended June 30, 2014, respectively.