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EARNINGS PER SHARE | 12 Months Ended
--- | ---
Dec. 31, 2017
Earnings Per Share [Abstract] |
EARNINGS PER SHARE | EARNINGS PER SHARE
| For the year ended December 31,
| (in millions, except per share data)
| 2017 |  | 2016 |  | 2015
Income (loss) from continuing operations attributable to Terex Corporation common stockholders | $ | 60.0 |  |  | $ | (193.0 | ) |  | $ | 128.4 |
Income (loss) from discontinued operations-net of tax | — |  |  | 13.4 |  |  | 14.1 |
Gain (loss) on disposition of discontinued operations-net of tax | 68.7 |  |  | 3.5 |  |  | 3.4 |
Net income (loss) attributable to Terex Corporation | $ | 128.7 |  |  | $ | (176.1 | ) |  | $ | 145.9 |
Basic shares: |  |  |  |  |
Weighted average shares outstanding | 92.8 |  |  | 107.9 |  |  | 107.4 |
Earnings (loss) per share - basic: |  |  |  |  |
Income (loss) from continuing operations | $ | 0.65 |  |  | $ | (1.79 | ) |  | $ | 1.20 |
Income (loss) from discontinued operations-net of tax | — |  |  | 0.13 |  |  | 0.13 |
Gain (loss) on disposition of discontinued operations-net of tax | 0.74 |  |  | 0.03 |  |  | 0.03 |
Net income (loss) attributable to Terex Corporation | $ | 1.39 |  |  | $ | (1.63 | ) |  | $ | 1.36 |
Diluted shares: |  |  |  |  |
Weighted average shares outstanding - basic | 92.8 |  |  | 107.9 |  |  | 107.4 |
Effect of dilutive securities: |  |  |  |  |
Stock options, restricted stock awards and convertible notes | 2.1 |  |  | — |  |  | 2.2 |
Diluted weighted average shares outstanding | 94.9 |  |  | 107.9 |  |  | 109.6 |
Earnings (loss) per share - diluted: |  |  |  |  |
Income (loss) from continuing operations | $ | 0.63 |  |  | $ | (1.79 | ) |  | $ | 1.17 |
Income (loss) from discontinued operations-net of tax | — |  |  | 0.13 |  |  | 0.13 |
Gain (loss) on disposition of discontinued operations-net of tax | 0.73 |  |  | 0.03 |  |  | 0.03 |
Net income (loss) attributable to Terex Corporation | $ | 1.36 |  |  | $ | (1.63 | ) |  | $ | 1.33 |
The following table provides information to reconcile amounts reported on the Consolidated Statement of Income (Loss) to amounts used to calculate earnings per share attributable to Terex Corporation common stockholders (in millions) for the year ended December 31:
Reconciliation of amounts attributable to common stockholders: | 2017 |  | 2016 |  | 2015
Income (loss) from continuing operations | $ | 60.0 |  |  | $ | (193.3 | ) |  | $ | 128.2 |
Net loss (income) from continuing operations attributable to noncontrolling interest | — |  |  | 0.3 |  |  | 0.2 |
Income (loss) from continuing operations attributable to common stockholders | $ | 60.0 |  |  | $ | (193.0 | ) |  | $ | 128.4 |
Weighted average options to purchase 5,200, 69,200 and 141,200 shares of the Company’s common stock, par value $0.01 per share (“Common Stock”), were outstanding during the years ended December 31, 2017, 2016 and 2015, respectively, but were not included in the computation of diluted shares as the effect would be anti-dilutive. Weighted average restricted stock awards of 4,300 shares, 1,535,200 shares and 852,300 shares were outstanding during the years ended December 31, 2017, 2016 and 2015, respectively, but were not included in the computation of diluted shares because the effect would be anti-dilutive or performance targets were not expected to be achieved for awards contingent upon performance. ASC 260, “Earnings per Share,” requires that employee stock options and non-vested restricted shares granted by the Company be treated as potential common shares outstanding in computing diluted earnings per share. Under the treasury stock method, the amount the employee must pay for exercising stock options and the amount of compensation cost for future services that the Company has not yet recognized are assumed to be used to repurchase shares. In connection with settlement of the 4% Convertible Senior Subordinated Notes the Company issued 3.4 million shares of common stock in June 2015. See Note N – “Long-Term Obligations.” Included in the computation of diluted shares for the year ended December 31, 2015 was 1.4 million shares that were contingently issuable prior to conversion.

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