Reconciliations of the numerator and the denominator of the basic and diluted per share computations for the Company's common stock, including the impact of discontinued operations, for the years ended December 31, 2014, 2013 and 2012 are summarized as follows:



	2014			2013			2012
Numerator:
Net earnings from continuing operations	$	18.3		$	30.9		$	56.3
Adjustments to net earnings from continuing operations
Net loss attributable to noncontrolling interests	0.3			1.6			0.3
Allocation to participating securities	(0.3		)	(1.1		)	(3.2		)
Net earnings from continuing operations - adjusted	$	18.3		$	31.4		$	53.4

Loss from discontinued operations, net of tax	$	—		$	—		$	(3.2	)
Adjustments to loss from discontinued operations, net of tax
Gain on disposal of discontinued operations, net of tax	—			—			34.0
Income from discontinued operations, net of tax	$	—		$	—		$	30.8

Net earnings attributable to Quad/Graphics common shareholders	$	18.6		$	32.5		$	87.4
Adjustments to net earnings attributable to Quad/Graphics common shareholders
Allocation to participating securities	(0.3		)	(1.1		)	(3.2		)
Net earnings attributable to Quad/Graphics common shareholders - adjusted	$	18.3		$	31.4		$	84.2

Denominator:
Basic weighted average number of common shares outstanding for all classes of common shares	47.5			47.0			46.8
Plus: effect of dilutive equity incentive instruments	1.0			1.0			0.4
Diluted weighted average number of common shares outstanding for all classes of common shares	48.5			48.0			47.2

Earnings per share attributable to Quad/Graphics common shareholders:
Basic:
Continuing operations	$	0.39		$	0.67		$	1.14
Discontinued operations	—			—			0.66
Earnings per share attributable to Quad/Graphics common shareholders	$	0.39		$	0.67		$	1.80

Diluted:
Continuing operations	$	0.38		$	0.65		$	1.13
Discontinued operations	—			—			0.65
Earnings per share attributable to Quad/Graphics common shareholders	$	0.38		$	0.65		$	1.78

Cash dividends paid per common share for all classes of common shares	$	1.20		$	1.20		$	3.00