NOTE 18 - EARNINGS PER SHARE
The following table summarizes the computation of basic and diluted earnings (loss) per share:
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|
Ìý |
(In Millions, Except Per Share Amounts) |
Ìý |
Three Months Ended
March 31, |
Ìý |
2018 |
Ìý |
2017 |
Loss from Continuing Operations |
$ |
(84.8 |
) |
Ìý |
$ |
(30.3 |
) |
Loss from Continuing Operations Attributable to Noncontrolling Interest |
— |
|
Ìý |
1.7 |
|
Net Loss from Continuing Operations Attributable to Cliffs Shareholders |
$ |
(84.8 |
) |
Ìý |
$ |
(28.6 |
) |
Income from Discontinued Operations, net of tax |
0.5 |
|
Ìý |
0.5 |
|
Net Loss Attributable to Cliffs Shareholders |
$ |
(84.3 |
) |
Ìý |
$ |
(28.1 |
) |
Weighted Average Number of Shares: |
Ìý |
Ìý |
Ìý |
Basic |
297.3 |
|
Ìý |
265.2 |
|
Employee Stock Plans |
— |
|
Ìý |
— |
|
Diluted |
297.3 |
|
Ìý |
265.2 |
|
Loss per Common Share Attributable to
Cliffs Common Shareholders - Basic: |
Ìý |
Ìý |
Ìý |
Continuing operations |
$ |
(0.29 |
) |
Ìý |
$ |
(0.11 |
) |
Discontinued operations |
— |
|
Ìý |
— |
|
Ìý |
$ |
(0.29 |
) |
Ìý |
$ |
(0.11 |
) |
Loss per Common Share Attributable to
Cliffs Common Shareholders - Diluted: |
Ìý |
Ìý |
Ìý |
Continuing operations |
$ |
(0.29 |
) |
Ìý |
$ |
(0.11 |
) |
Discontinued operations |
— |
|
Ìý |
— |
|
Ìý |
$ |
(0.29 |
) |
Ìý |
$ |
(0.11 |
) |
The diluted earnings per share calculation excludes 3.8 million and 4.6 million shares for the three months ended MarchÌý31, 2018 and 2017, respectively, related to equity plan awards that would have been anti-dilutive.
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