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Earnings Per Common Share
9 Months Ended
Sep. 30, 2018
Earnings Per Share [Abstract]  
Earnings Per Common Share
Earnings Per Common Share
The following table sets forth the components of the numerator and denominator for the computation of basic and diluted earnings per share for net income attributable to Tempur Sealy International.
 
Three Months Ended
 
Nine Months Ended
 
September 30,
 
September 30,
(in millions, except per common share amounts)
2018
 
2017
 
2018
 
2017
Numerator:
 
 
 
 
 
 
 
Income from continuing operations, net of loss attributable to non-controlling interest
$
45.0

 
$
56.6

 
$
99.1

 
$
116.0

 
 
 
 
 
 
 
 
Denominator:
 

 
 
 
 

 
 

Denominator for basic earnings per common share-weighted average shares
54.5

 
54.0

 
54.4

 
54.0

Effect of dilutive securities:
 
 
 
 
 

 
 

Employee stock-based compensation
0.6

 
0.9

 
0.6

 
0.6

Denominator for diluted earnings per common share-adjusted weighted average shares
55.1

 
54.9

 
55.0

 
54.6

 
 
 
 
 
 
 
 
Basic earnings per common share for continuing operations
$
0.83

 
$
1.05

 
$
1.82

 
$
2.15

 
 
 
 
 
 
 
 
Diluted earnings per common share for continuing operations
$
0.82

 
$
1.03

 
$
1.80

 
$
2.13


 
The Company excluded 1.4 million and 1.1 million shares issuable upon exercise of outstanding stock options for the three months ended September 30, 2018 and 2017, respectively, from the diluted earnings per common share computation because their exercise price was greater than the average market price of Tempur Sealy International’s common stock or they were otherwise anti-dilutive. The Company excluded 1.5 million and 1.3 million shares issuable upon exercise of outstanding stock options for the nine months ended September 30, 2018 and 2017, respectively, from the diluted earnings per common share computation because their exercise price was greater than the average market price of Tempur Sealy International’s common stock or they were otherwise anti-dilutive. Holders of non-vested stock-based compensation awards do not maintain voting rights or maintain rights to receive any dividends thereon.