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Earnings Per Share (Tables)
12 Months Ended
Dec. 31, 2014
Earnings Per Share [Abstract]  
Computation of Basic and Diluted Earnings Per Share

For the year ended December 31, 2014, 2,552,292 stock options, RSAs and RSUs were excluded from the computation of diluted earnings per share due to their antidilutive effect.

 

     Year Ended December 31,  
(In millions, except share data)    2014     2013      2012  

Numerator for basic and diluted net income per share attributable to the Company’s stockholders:

       

Net income attributable to the Company

   $ 116      $ 147       $ 108   

Less: net income attributable to nonvested shares

     (1     —           —     
  

 

 

   

 

 

    

 

 

 

Net income attributable to the Company’s stockholders

   $ 115      $ 147       $ 108   
  

 

 

   

 

 

    

 

 

 

Denominator for basic net income per share attribtable to the Company’s stockholders:

       

Weighted average common shares outstanding

     107,058,843        107,053,031         107,053,031   

Effect of dilutive securities: Dilutive effect of stock based compensation

     497,301        415,837         415,837   
  

 

 

   

 

 

    

 

 

 

Denominator for diluted net income per share attributable to the Company’s stockholders:

     107,556,144        107,468,868         107,468,868   
  

 

 

   

 

 

    

 

 

 

Earnings per share attributable to the Company’s stockholders:

       

Basic

   $ 1.07      $ 1.37       $ 1.01   
  

 

 

   

 

 

    

 

 

 

Diluted

   $ 1.06      $ 1.36       $ 1.00