Earnings Per Share

9 Months Ended

Sep. 30, 2020

The following table shows how earnings (loss) per share attributable to Unisys Corporation was computed for the three and nine months ended September 30, 2020 and 2019 (shares in thousands):


	Three Months Ended September 30,						Nine Months Ended September 30,
	2020		2019		2020		2019
Basic earnings (loss) per common share computation:
Net loss from continuing operations attributable to Unisys Corporation	$	(13.3)	$	(29.2)	$	(143.0)	$	(61.2)
Income from discontinued operations, net of tax	0.4		16.0		1,066.8		54.8
Net income (loss) attributable to Unisys Corporation	$	(12.9)	$	(13.2)	$	923.8	$	(6.4)

Weighted average shares	63,032		58,245		62,897		53,815

Basic earnings (loss) per share attributable to Unisys Corporation
Continuing operations	$	(0.21)	$	(0.50)	$	(2.27)	$	(1.14)
Discontinued operations	0.01		0.27		16.96		1.02
Total	$	(0.20)	$	(0.23)	$	14.69	$	(0.12)

Diluted earnings (loss) per common share computation:
Net loss from continuing operations attributable to Unisys Corporation	$	(13.3)	$	(29.2)	$	(143.0)	$	(61.2)
Add interest expense on convertible senior notes, net of tax of zero	—		—		—		—
Net loss from continuing operations attributable to Unisys Corporation for diluted earnings per share	(13.3)		(29.2)		(143.0)		(61.2)
Income from discontinued operations, net of tax	0.4		16.0		1,066.8		54.8
Net income (loss) attributable to Unisys Corporation for diluted earnings per share	$	(12.9)	$	(13.2)	$	923.8	$	(6.4)

Weighted average shares	63,032		58,245		62,897		53,815
Plus incremental shares from assumed conversions:
Employee stock plans	—		—		—		—
Convertible senior notes	—		—		—		—
Adjusted weighted average shares	63,032		58,245		62,897		53,815

Diluted earnings (loss) per share attributable to Unisys Corporation
Continuing operations	$	(0.21)	$	(0.50)	$	(2.27)	$	(1.14)
Discontinued operations	0.01		0.27		16.96		1.02
Total	$	(0.20)	$	(0.23)	$	14.69	$	(0.12)

Anti-dilutive weighted-average stock options and restricted stock units⁽ⁱ⁾	998		1,462		892		1,394
Anti-dilutive weighted-average common shares issuable upon conversion of the 5.50% convertible senior notes⁽ⁱ⁾	8,625		13,951		8,625		19,229


⁽ⁱ⁾Amounts represent shares excluded from the computation of diluted earnings per share, as their effect, if included, would have been anti-dilutive for the periods presented.