Allegheny Technologies Incorporated and Subsidiaries | |||||||||||||||||
Computation of Basic and Diluted Earnings Per Share Attributable to ATI | |||||||||||||||||
(Unaudited, in millions, except per share amounts) | |||||||||||||||||
Three Months Ended | Six Months Ended | ||||||||||||||||
June 30 | March 31 | June 30 | June 30 | June 30 | |||||||||||||
2018 | 2018 | 2017 | 2018 | 2017 | |||||||||||||
Numerator for Basic net income per common share - | |||||||||||||||||
Net income attributable to ATI | $ | 72.8 | $ | 58.0 | $ | 10.1 | $ | 130.8 | $ | 27.6 | |||||||
Effect of dilutive securities: | |||||||||||||||||
4.75% Convertible Senior Notes due 2022 | 3.2 | 3.2 | 1.8 | 6.4 | 4.8 | ||||||||||||
Numerator for Diluted net income per common share - | |||||||||||||||||
Net income attributable to ATI after assumed conversions | $ | 76.0 | $ | 61.2 | $ | 11.9 | $ | 137.2 | $ | 32.4 | |||||||
Denominator for Basic net income per common share - | |||||||||||||||||
Weighted average shares outstanding | 125.2 | 125.0 | 107.7 | 125.1 | 107.6 | ||||||||||||
Effect of dilutive securities: | |||||||||||||||||
Share-based compensation | 0.7 | 0.6 | 0.7 | 0.6 | 0.8 | ||||||||||||
4.75% Convertible Senior Notes due 2022 | 19.9 | 19.9 | 19.9 | 19.9 | 19.9 | ||||||||||||
Denominator for Diluted net income per common share - | |||||||||||||||||
Adjusted weighted average shares assuming conversions | 145.8 | 145.5 | 128.3 | 145.6 | 128.3 | ||||||||||||
Basic net income attributable to ATI per common share | $ | 0.58 | $ | 0.46 | $ | 0.09 | $ | 1.05 | $ | 0.26 | |||||||
Diluted net income attributable to ATI per common share | $ | 0.52 | $ | 0.42 | $ | 0.09 | $ | 0.94 | $ | 0.25 |
ATI Announces Second Quarter 2018 Results
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