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Earnings Per Share
3 Months Ended
Mar. 31, 2017
Earnings Per Share [Abstract]  
Earnings Per Share
Earnings Per Share
The following table shows how the earnings (loss) per share attributable to Unisys Corporation was computed for the three months ended March 31, 2017 and 2016 (shares in thousands):
 
 
 
Three Months Ended March 31,
 
 
2017
 
2016
Basic earnings (loss) per common share computation:
 
 
 
 
Net income (loss) attributable to Unisys Corporation
 
$
(32.7
)
 
$
(39.9
)
Weighted average shares
 
50,256

 
50,004

Basic earnings (loss) per common share
 
$
(0.65
)
 
$
(0.80
)
Diluted earnings (loss) per common share computation:
 
 
 
 
Net income (loss) attributable to Unisys Corporation
 
$
(32.7
)
 
$
(39.9
)
Add interest expense on convertible notes, net of tax of zero
 

 

Net income (loss) attributable to Unisys Corporation for diluted earnings per share
 
$
(32.7
)
 
$
(39.9
)
Weighted average shares
 
50,256

 
50,004

Plus incremental shares from assumed conversions:
 
 
 
 
Employee stock plans
 

 

Convertible notes
 

 

Adjusted weighted average shares
 
50,256

 
50,004

Diluted earnings (loss) per common share
 
$
(0.65
)
 
$
(0.80
)

In the three months ended March 31, 2017 and 2016, the following weighted-average number of stock options and restricted stock units were antidilutive and therefore excluded from the computation of diluted earnings per share (in thousands): 2,355 and 3,685, respectively. In the three months ended March 31, 2017 and 2016, the following weighted-average number of common shares issuable upon conversion of the 5.50% Convertible Senior Notes due 2021 were antidilutive and therefore excluded from the computation of diluted earnings per share (in thousands): 21,868 and 3,636, respectively.