Annual report pursuant to Section 13 and 15(d)

Earnings Per Share of Common Stock

v3.10.0.1
Earnings Per Share of Common Stock
12 Months Ended
Dec. 31, 2018
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,
 
 
2018
 
2017
 
2016
Numerator
 
 
 
 
 
 
(Loss) from continuing operations
 
$
(19.1
)
 
$
(17.1
)
 
$
(16.2
)
(Loss) earnings from discontinued operations, net of tax
 
(143.9
)
 
(24.7
)
 
25.4

Net (loss) income
 
$
(163.0
)
 
$
(41.8
)
 
$
9.2

 
 
 
 
 
 
 
Denominator
 
 
 
 
 
 
Weighted average number of common shares outstanding
 
25,780,214

 
26,977,475

 
27,773,434

Weighted average number of vested shares not yet issued
 
188,195

 
136,504

 
91,903

Weighted average number of common shares outstanding - Basic
 
25,968,409

 
27,113,979

 
27,865,337

Dilutive stock-based compensation awards outstanding
 

 

 
212,147

Weighted average number of common shares outstanding - Diluted
 
25,968,409

 
27,113,979

 
28,077,484



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

For the years ended December 31, 2018 and 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.

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,
 
2018
 
2017
 
2016
Potentially dilutive common shares excluded from diluted computation as inclusion would be anti-dilutive
474,910

 
743,678
 
201,994

Performance awards excluded from diluted computation, as performance conditions not met
862,256

 
849,483
 
646,698