Earnings Per Share (Tables)

9 Months Ended

Sep. 30, 2020

Computations of basic and diluted loss per share for loss from continuing operations

The computations of basic and diluted earnings per share for Income from continuing operations were as follows (in millions, except per share data):


	For the Three Months Ended September 30,						For the Nine Months Ended September 30,
	2020		2019		2020		2019
Net income	$	131.7	$	114.7	$	244.6	$	294.7
Exclude: Loss from discontinued operations	—		—		0.3		0.3
Income from continuing operations	$	131.7	$	114.7	$	244.9	$	295.0

Weighted-average shares outstanding – basic	38.3		38.6		38.3		39.1
Add: Potential effect of dilutive securities attributable to stock-based payments	0.3		0.4		0.3		0.4
Weighted-average shares outstanding – diluted	38.6		39.0		38.6		39.5

Earnings per share – Basic:
Income from continuing operations	$	3.44	$	2.97	$	6.39	$	7.54
Loss from discontinued operations	—		—		(0.01)		(0.01)
Net income	$	3.44	$	2.97	$	6.38	$	7.53

Earnings per share – Diluted:
Income from continuing operations	$	3.42	$	2.94	$	6.35	$	7.46
Loss from discontinued operations	—		—		(0.01)		—
Net income	$	3.42	$	2.94	$	6.34	$	7.46

Stock appreciation rights were outstanding, but not included in the diluted loss per share calculation

The following stock appreciation rights and restricted stock units 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 September 30,				For the Nine Months Ended September 30,
	2020	2019		2020	2019
Weighted-average number of shares	0.1	—		0.1	—
Price per share	$257.08	$	—	$257.08	$	—