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Note 19 - Earnings Per Share | 12 Months Ended
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Dec. 31, 2016
Disclosure Text Block [Abstract] |
Earnings Per Share [Text Block] | NOTE 19: EARNINGS PER SHARE Basic earnings per share are calculated using the weighted-average number of shares of common stock outstanding during the period. Diluted earnings per share calculations include any dilutive effect of potential common shares. In periods with a net loss from continuing operations, diluted earnings per share are calculated using weighted-average basic shares for that period, as utilizing diluted shares would be anti-dilutive to loss per share. A reconciliation of the amounts used to calculate basic and diluted earnings per share for the year ended December 31, 2016 follows (in millions):
Earnings from continuing operations attributable to Eastman Kodak Company |  | $ | 45 |
Less: Series A convertible preferred stock cash dividend |  |  | (2 | )
Less: Series A convertible preferred stock deemed dividend |  |  | (1 | )
Earnings from continuing operations available to common shareholders - basic and diluted |  |  | 42 |
Net income attributable to Eastman Kodak Company |  | $ | 15 |
Less: Series A convertible preferred stock cash dividend |  |  | (2 | )
Less: Series A convertible preferred stock deemed dividend |  |  | (1 | )
Net income available to common shareholders - basic and diluted |  |  | 12 |
Weighted-average common shares outstanding - basic |  |  | 42.2 |
Effect of dilutive securities: |  |  |  |
Unvested share-based awards |  |  | 0.3 |
Weighted-average common shares outstanding - diluted |  |  | 42.5 |
The computation of diluted earnings per share for the year ended December 31, 2016 excluded the impact of (1) the assumed conversion of 2.0 million shares of Series A convertible preferred shares, (2) the assumed conversion of net share settled warrants to purchase 1.8 million shares of common stock at an exercise price of $14.93, (3) the assumed conversion of net share settled warrants to purchase 1.8 million shares of common stock at an exercise price of $16.12 and (4) the assumed conversion of 2.2 million outstanding employee stock options because they would have been anti-dilutive. As a result of the net loss from continuing operations for the years ended December 31, 2015 and December 31, 2014 Kodak calculated diluted earnings per share using weighted-average basic shares outstanding for those periods. If Kodak had reported earnings from continuing operations for the years ended December 31, 2015 and December 31, 2014, the following potential shares of its common stock would have been dilutive in the computation of diluted earnings per share:
|  | Year Ended December 31, |
(in millions of shares) |  | 2015 |  |  | 2014 |
Unvested share-based awards |  |  | 0.2 |  |  |  | 0.1 |
Warrants to purchase common shares |  |  | 0.3 |  |  |  | 1.5 |
Total |  |  | 0.5 |  |  |  | 1.6 |
The computation of diluted earnings per share for the years ended December 31, 2015 and 2014 also excluded outstanding employee stock options of 1.6 million and 0.8 million, respectively, because the effects would have been anti-dilutive.

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