Quarterly report pursuant to Section 13 or 15(d)

EARNINGS PER SHARE

v3.7.0.1
EARNINGS PER SHARE
 3 Months Ended
Mar. 31, 2017
Earnings Per Share [Abstract]  
EARNINGS PER SHARE
NOTE 17 - EARNINGS PER SHARE
The following table summarizes the computation of basic and diluted earnings (loss) per share:
 
(In Millions, Except Per Share Amounts)
 
Three Months Ended
March 31,
 
2017
 
2016
Income (Loss) from Continuing Operations
$
(30.3
)
 
$
114.3

Loss (Income) from Continuing Operations Attributable to Noncontrolling Interest
1.7

 
(8.8
)
Net Income (Loss) from Continuing Operations Attributable to Cliffs Shareholders
$
(28.6
)
 
$
105.5

Income from Discontinued Operations, net of tax
0.5

 
2.5

Net Income (Loss) Attributable to Cliffs Shareholders
$
(28.1
)
 
$
108.0

Weighted Average Number of Shares:
 
 
 
Basic
265.2

 
171.7

Employee Stock Plans
—

 
0.3

Diluted
265.2

 
172.0

Earnings (Loss) per Common Share Attributable to
Cliffs Common Shareholders - Basic:
 
 
 
Continuing operations
$
(0.11
)
 
$
0.61

Discontinued operations
—

 
0.01

 
$
(0.11
)
 
$
0.62

Earnings (Loss) per Common Share Attributable to
Cliffs Common Shareholders - Diluted:
 
 
 
Continuing operations
$
(0.11
)
 
$
0.61

Discontinued operations
—

 
0.01

 
$
(0.11
)
 
$
0.62


The diluted earnings per share calculation excludes 4.6 million of equity plan awards that were anti-dilutive for the three months ended March 31, 2017.