Income (Loss) Per Share
|12 Months Ended|
Dec. 31, 2016
|Income (Loss) Per Share|
|Income (Loss) Per Share||
13. INCOME (LOSS) PER SHARE
Basic net income per share is calculated by dividing net income by the weighted average shares outstanding during the period, without consideration for common stock equivalents.
Diluted net income per share is calculated by adjusting weighted average shares outstanding for the dilutive effect of common stock equivalents outstanding for the period, determined using the treasury stock method.
For comparative purposes, the computation of basic and diluted earnings per common share for the year ended December 31, 2014, was calculated using the shares distributed at Separation.
Basic and diluted income (loss) per share were computed as follows, in thousands (except share and per share amounts):
The following table summarizes shares excluded from the calculation of diluted income (loss) per share because their effect would have been anti-dilutive:
On June 30, 2015, we distributed 37.7 million shares of our common stock to Masco shareholders in conjunction with the Separation.
The entire disclosure for earnings per share.
Reference 1: http://www.xbrl.org/2003/role/presentationRef