EARNINGS PER SHARE

6 Months Ended

Jun. 30, 2020

Basic earnings per share (“EPS”) is computed by dividing net income by the weighted-average number of common shares outstanding for the period. Diluted EPS is similarly computed, but includes the weighted-average dilutive effect of outstanding restricted shares, restricted stock units and stock options.

The following table sets forth the computation of basic and diluted EPS for the periods presented (in millions):


	Three Months Ended June 30,						Six Months Ended June 30,
	2020		2019		2020		2019
Numerator:
Net earnings (loss)	$	(9.6)	$	21.7	$	1.3	$	39.6

Denominator: (shares in thousands)
Denominator for basic EPS - weighted-average shares	49,084		48,855		49,029		48,815

Potentially dilutive shares resulting from stock plans ⁽¹⁾	—		459		478		438
Denominator for diluted EPS - weighted-average shares	49,084		49,314		49,507		49,253

Net earnings (loss) per share:
Basic	$	(0.20)	$	0.44	$	0.03	$	0.81
Diluted	$	(0.20)	$	0.44	$	0.03	$	0.80

(1) For the three months and six months ended June 30, 2020, approximately 1.2 million and 0.1 million, respectively, of potentially dilutive securities, including stock options, restricted stock and restricted stock units, had the effect of being anti-dilutive and were excluded from the computation of diluted EPS.