Earnings Per Share

6 Months Ended

Jun. 30, 2023

EARNINGS PER SHARE

The following table sets forth the computation of basic and diluted earnings per share from net income for the respective periods and basic and diluted shares outstanding:


	Three Months Ended June 30,				Six Months Ended June 30,
(In millions, except per share data)	2023		2022		2023		2022
Basic earnings per share:
Numerator:
Income from continuing operations	$	27.7	$	25.7	$	44.1	$	45.6
Income from discontinued operations, net of tax	3.3		7.7		12.5		13.4
Net income	$	31.0	$	33.4	$	56.6	$	59.0
Denominator:
Weighted average number of shares outstanding	32.0		32.0		32.0		32.0
Basic earnings per share from:
Continuing operations	$	0.87	$	0.81	$	1.38	$	1.42
Discontinued operations	0.10		0.24		0.39		0.42
Net income	$	0.97	$	1.05	$	1.77	$	1.84
Diluted earnings per share:
Numerator:
Income from continuing operations	$	27.7	$	25.7	$	44.1	$	45.6
Income from discontinued operations, net of tax	3.3		7.7		12.5		13.4
Net income	$	31.0	$	33.4	$	56.6	$	59.0
Denominator:
Weighted average number of shares outstanding	32.0		32.0		32.0		32.0
Effect of dilutive securities:
Restricted stock	0.1		0.1		0.1		0.1
Total shares and dilutive securities	32.1		32.1		32.1		32.1
Diluted earnings per share from:
Continuing operations	$	0.87	$	0.80	$	1.37	$	1.42
Discontinued operations	0.10		0.24		0.39		0.42
Net income	$	0.97	$	1.04	$	1.76	$	1.84