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Earnings per Share
 12 Months Ended
Dec. 31, 2015
Earnings Per Share [Abstract]  
Earnings per Share
18. Earnings per Share

Basic and diluted earnings per share was computed as follows (in millions except share and per share amounts):
 
Years Ended December 31,
 
    2015 (1)
 
    2014 (2)
 
    2013 (2)
Net (loss) earnings
$
(233.8
)
 
$
(87.0
)
 
$
105.8

 
 
 
 
 
 
Basic (loss) earnings per common share:
 
 
 
 
 
Basic weighted-average shares outstanding
86,802,828

 
85,046,042

 
85,019,159

Basic (loss) earnings per share
$
(2.69
)
 
$
(1.02
)
 
$
1.24

 
 
 
 
 
 
Diluted (loss) earnings per common share:
 
 
 
 
 
Basic weighted-average shares outstanding
86,802,828

 
85,046,042

 
85,019,159

Dilutive effect of stock-based awards
—

 
—

 
—

Diluted weighted-average shares outstanding
86,802,828

 
85,046,042

 
85,019,159

 
 
 
 
 
 
Diluted (loss) earnings per share
$
(2.69
)
 
$
(1.02
)
 
$
1.24



(1) For the year ended December 31, 2015, the weighted-average number of anti-dilutive potential common shares excluded from the calculation of diluted earnings per share above was 3,357,320.

(2) The denominator for basic and diluted EPS was based on the number of shares of Knowles common stock outstanding on the distribution date. On July 1, 2015, the Company issued 3.2 million shares to former holders of Audience shares and for the conversion of vested in-the-money Audience stock options. The Company also converted unvested in-the-money Audience stock options and restricted stock units for an aggregate of 461,371 shares of its common stock. On February 28, 2014, the distribution date, Dover stockholders of record as of the close of business on February 19, 2014 received one share of Knowles common stock for every two shares of Dover's common stock held as of the record date. The same number of shares was used to calculate basic and diluted earnings per share since no Knowles equity awards were outstanding prior to the Separation.