Annual report pursuant to Section 13 and 15(d)

Earnings Per Share of Common Stock

v3.8.0.1
Earnings Per Share of Common Stock
 12 Months Ended
Dec. 31, 2017
Earnings Per Share [Abstract]  
Earnings Per Share of Common Stock
EARNINGS PER SHARE OF COMMON STOCK
The table below shows a reconciliation of the numerator and denominator for basic and diluted earnings per share calculations for the periods indicated.
 
 
Year Ended December 31,
 
 
2017
 
2016
 
2015
Numerator
 
 
 
 
 
 
(Loss) income from continuing operations
 
$
(41.8
)
 
$
7.5

 
$
(10.3
)
Gain on disposal of discontinued operations, net of tax
 
—

 
1.7

 
39.9

Net (loss) income
 
$
(41.8
)
 
$
9.2

 
$
29.6

 
 
 
 
 
 
 
Denominator
 
 
 
 
 
 
Weighted average number of common shares outstanding
 
26,977,475

 
27,773,434

 
27,738,779

Weighted average number of vested shares not yet issued
 
136,504

 
91,903

 
—

Weighted average number of common shares outstanding - Basic
 
27,113,979

 
27,865,337

 
27,738,779

Dilutive stock-based compensation awards outstanding
 
—

 
212,147

 
—

Weighted average number of common shares outstanding - Diluted
 
27,113,979

 
28,077,484

 
27,738,779



On April 1, 2016, AWI distributed 27,738,779 shares of AFI's common stock to AWI’s shareholders.

For the year ended December 31, 2017, the diluted loss per share was calculated using basic common shares outstanding, as inclusion of potentially dilutive common shares would be anti-dilutive. For the year ended December 31, 2016, the diluted earnings per share was calculated using the diluted weighted average number of common shares outstanding during the period, determined using the treasury stock method. Basic and diluted earnings per common share for the year ended December 31, 2015 was calculated using the shares distributed on April 1, 2016.

Performance-based employee compensation awards are considered potentially dilutive in the initial period in which the performance conditions are met.

The following awards were excluded from the computation of diluted (loss) earnings per share:
 
Year Ended December 31,
 
2017
 
2016
 
2015
Potentially dilutive common shares excluded from diluted computation as inclusion would be anti-dilutive
743,678

 
201,994
 
—

Performance awards excluded from diluted computation, as performance conditions not met
849,483

 
646,698
 
—