Earnings Per Share

3 Months Ended

Mar. 31, 2015

Earnings Per Share [Abstract]

Earnings Per Share

Earnings Per Share:

Basic earnings per share are computed by dividing net income by the weighted-average number of common shares outstanding during the period. Diluted earnings per share are computed by dividing net income by the sum of the weighted-average number of shares and the number of equivalent shares assumed outstanding, if dilutive, under our stock-based compensation plans.

The computations of basic and diluted earnings per share for Net income were as follows (in millions, except per share data):

	For the Three Months Ended March 31,
	2015		2014
Net income	$	13.9	$	19.9
Add: Loss from discontinued operations	0.1		—
Income from continuing operations	$	14.0	$	19.9
Weighted-average shares outstanding – basic	44.7		49.0
Add: Potential effect of dilutive securities attributable to stock-based payments	0.8		0.9
Weighted-average shares outstanding – diluted	45.5		49.9
Earnings per share – Basic:
Income from continuing operations	$	0.31	$	0.41
Loss from discontinued operations	—		—
Net income	$	0.31	$	0.41
Earnings per share – Diluted:
Income from continuing operations	$	0.31	$	0.40
Loss from discontinued operations	—		—
Net income	$	0.31	$	0.40

The following stock appreciation rights were outstanding but not included in the diluted earnings per share calculation because the assumed exercise of such rights would have been anti-dilutive (in millions, except for per share data):

	For the Three Months Ended March 31,
	2015		2014
Weighted-average number of shares	0.2		0.3
Price range per share	$	92.64	$81.11 - $81.14