Note 10 - Earnings Per Share

6 Months Ended

Jun. 30, 2015

NOTE 10: EARNINGS PER SHARE

Basic earnings per share computations are based on the weighted-average number of shares of common stock outstanding during the period. Weighted-average basic and diluted shares outstanding were 41.9 million for the three and six months ended June 30, 2015 and 41.7 million for the three and six months ended June 30, 2014.

As a result of the net loss from continuing operations presented for the three months and six months ended June 30, 2015 and 2014, Kodak calculated diluted earnings per share using weighted-average basic shares outstanding for that period, as utilizing diluted shares would be anti-dilutive to loss per share. If Kodak had reported earnings from continuing operations for the three months and six months ended June 30, 2015 and 2014, the following potential shares of its common stock would have been dilutive in the computation of diluted earnings per share:

(in millions of shares)	Three Months Ended June 30,				Six Months Ended June 30,
	2015		2014		2015		2014
Unvested share-based awards		0.2		0.3		0.2		0.3
Detachable warrants to purchase common shares		0.7		1.8		0.7		1.9
Total		0.9		2.1		0.9		2.2

The computation of diluted earnings per share would have excluded 0.2 million shares for the three month period ended June 30, 2015 and 0.1 million shares for the six month period ended June 30, 2015 and the three and six month periods ended June 30, 2014 associated with the assumed conversion of outstanding employee stock options because the effects would have been anti-dilutive.