v2.3.0.11

Income from Continuing Operations Per Unrestricted Share | 6 Months Ended
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Jun. 30, 2011
Earnings Per Share [Abstract] |
Income from Continuing Operations Per Unrestricted Share | Note 8 - Income (Loss) from Continuing Operations Per Unrestricted Share The Company’s awards of restricted stock contain a right to receive non-forfeitable dividends and participate in the undistributed earnings with common shareholders. Accordingly, the Company is required to apply the two-class method of computing basic and diluted earnings per share. A reconciliation of the numerator and denominator used in the calculation of Basic Income (Loss) from Continuing Operations Per Unrestricted Share and Diluted Income (Loss) from Continuing Operations Per Unrestricted Share for the six and three months ended June 30, 2011 and 2010 is as follows:
|  | Six Months Ended |  | Three Months Ended
|  | Jun 30, 2011 |  | Jun 30, 2010 |  | Jun 30, 2011 |  | Jun 30, 2010
(Dollars in Millions) |  |  |  |  |  |  |  |
Income (Loss) from Continuing Operations |  | $ | 54.3 |  |  | $ | 86.8 |  |  | $ | (1.5 | ) |  | $ | 39.1 |
Less Income from Continuing Operations Attributed to Restricted Shares |  | 0.2 |  |  | 0.4 |  |  | — |  |  | 0.2 |
Income (Loss) from Continuing Operations Attributed to Unrestricted Shares |  | 54.1 |  |  | 86.4 |  |  | (1.5 | ) |  | 38.9 |
Dilutive Effect on Income of Unitrin Share-based Compensation Equivalent Shares |  | — |  |  | — |  |  | — |  |  | — |
Diluted Income (Loss) from Continuing Operations Attributed to Unrestricted Shares |  | $ | 54.1 |  |  | $ | 86.4 |  |  | $ | (1.5 | ) |  | $ | 38.9 |
(Shares in Thousands) |  |  |  |  |  |  |  |
Weighted-Average Unrestricted Shares Outstanding |  | 60,398.1 |  |  | 62,070.0 |  |  | 60,118.7 |  |  | 61,985.2 |
Unitrin Share-based Compensation Equivalent Shares |  | 115.4 |  |  | 90.1 |  |  | — |  |  | 98.9 |
Weighted-Average Unrestricted Shares and Equivalent Shares Outstanding Assuming Dilution |  | 60,513.5 |  |  | 62,160.1 |  |  | 60,118.7 |  |  | 62,084.1 |
(Per Unrestricted Share in Whole Dollars) |  |  |  |  |  |  |  |
Basic Income (Loss) from Continuing Operations Per Unrestricted Share |  | $ | 0.89 |  |  | $ | 1.39 |  |  | $ | (0.03 | ) |  | $ | 0.63 |
Diluted Income (Loss) from Continuing Operations Per Unrestricted Share |  | $ | 0.89 |  |  | $ | 1.39 |  |  | $ | (0.03 | ) |  | $ | 0.63 |
Options outstanding to purchase 3.4 million shares of Unitrin common stock were excluded from the computation of Unitrin Share-based Compensation Equivalent Shares and Weighted-Average Unrestricted Shares and Equivalent Shares Outstanding Assuming Dilution for the six months ended June 30, 2011 because their exercise prices exceeded the average market price. Options outstanding to purchase 3.4 million shares of Unitrin common stock were excluded from the computation of Unitrin Share-based Compensation Equivalent Shares and Weighted-Average Unrestricted Shares and Equivalent Shares Outstanding Assuming Dilution for the three months ended June 30, 2011, because the effect of inclusion would be anti-dilutive and their exercise prices exceeded the average market price. Options outstanding to purchase 4.3 million and 4.1 million shares of Unitrin common stock were excluded from the computation of Unitrin Share-based Compensation Equivalent Shares and Weighted-Average Unrestricted Shares and Equivalent Shares Outstanding Assuming Dilution for the six and three months ended June 30, 2010, respectively, because their exercise prices exceeded the average market price.

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- Definition The entire disclosure for earnings per share. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 45 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=6920599&loc=d3e1252-109256 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 55 -Paragraph 52 -URI http://asc.fasb.org/extlink&oid=6945512&loc=d3e4984-109258 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 128 -Paragraph 40 -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy. Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 45 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=6920599&loc=d3e1278-109256 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=6371337&loc=d3e3550-109257 Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 225 -SubTopic 10 -Section S99 -Paragraph 2 -Subparagraph (SX 210.5-03.21) -URI http://asc.fasb.org/extlink&oid=6880815&loc=d3e20235-122688 + Details
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