Earnings (Loss) Per Share (Tables)

6 Months Ended

Jun. 30, 2020

Schedule of Earnings Per Share, Basic and Diluted

The following table sets forth the computation of basic and diluted earnings (loss) per share:


	Three Months Ended June 30,						Six Months Ended June 30,
(in millions, except per share data)	2020		2019		2020		2019
Numerator:
Numerator for earnings (loss) per share—continuing operations
Net income (loss) from continuing operations	$	28	$	69	$	(407)	$	(16)
Less: Net income attributable to noncontrolling interests	(1)		(1)		(1)		(1)
Net income (loss) from continuing operations attributable to Realogy Holdings	$	27	$	68	$	(408)	$	(17)
Numerator for earnings (loss) per share—discontinued operations
Net (loss) income from discontinued operations	$	(41)	$	1	$	(68)	$	(13)
Net (loss) income attributable to Realogy Holdings shareholders	$	(14)	$	69	$	(476)	$	(30)
Denominator:
Weighted average common shares outstanding (denominator for basic (loss) earnings per share calculation)	115.4		114.3		115.0		114.1
Dilutive effect of stock-based compensation (a)(b)	0.8		0.6		—		—
Weighted average common shares outstanding (denominator for diluted (loss) earnings per share calculation)	116.2		114.9		115.0		114.1
Basic (loss) earnings per share attributable to Realogy Holdings shareholders:
Basic earnings (loss) per share from continuing operations	$	0.23	$	0.59	$	(3.55)	$	(0.15)
Basic (loss) earnings per share from discontinued operations	(0.35)		0.01		(0.59)		(0.11)
Basic (loss) earnings per share	$	(0.12)	$	0.60	$	(4.14)	$	(0.26)
Diluted (loss) earnings per share attributable to Realogy Holdings shareholders:
Diluted earnings (loss) per share from continuing operations	$	0.23	$	0.59	$	(3.55)	$	(0.15)
Diluted (loss) earnings per share from discontinued operations	(0.35)		0.01		(0.59)		(0.11)
Diluted (loss) earnings per share	$	(0.12)	$	0.60	$	(4.14)	$	(0.26)

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(a)The three months ended June 30, 2020 and 2019 exclude 9.0 million and 10.4 million shares, respectively, of common stock issuable for incentive equity awards, which includes performance share units based on the achievement of target amounts, that are anti-dilutive to the diluted earnings per share computation.

(b)The Company had a net loss from continuing operations for the six months ended June 30, 2020 and 2019 and therefore the impact of incentive equity awards were excluded from the computation of dilutive loss per share as the inclusion of such amounts would be anti-dilutive.