RECONCILIATION OF WEIGHTED AVERAGE SHARES OUTSTANDING

9 Months Ended

Sep. 30, 2023

Earnings Per Share [Abstract]

RECONCILIATION OF WEIGHTED AVERAGE SHARES OUTSTANDING

RECONCILIATION OF WEIGHTED AVERAGE SHARES OUTSTANDING

Below is a reconciliation of basic to diluted shares outstanding:

	Three Months Ended September 30,		Nine Months Ended September 30,
	2023	2022	2023	2022
Basic	183.3	183.2	183.4	184.1
Dilutive effect of shares issuable under stock-based compensation plans	0.7	0.7	0.7	0.8
Diluted	184.0	183.9	184.1	184.9
Anti-dilutive options to purchase common shares and restricted stock as well as contingently issuable restricted stock which are excluded from the table above	0.4	0.5	0.5	0.4

The calculation of basic shares outstanding is based on the weighted average number of shares of common stock outstanding during the reporting period. The calculation of diluted EPS requires certain assumptions regarding the use of both cash proceeds and assumed proceeds that would be received upon the exercise of stock options and vesting of restricted stock outstanding as of September 30, 2023 and 2022.