Earnings Per Share (Tables)

9 Months Ended

Sep. 30, 2021

Schedule of Earnings per Share Basic and Diluted


	Three Months Ended				Nine Months Ended
	September 30,				September 30,
(in millions, except per share data)	2021		2020		2021		2020
Earnings:
Net income (loss) from continuing operations	$	79.4	$	40.2	$	278.2	$	(3.4)
Net income (loss) from discontinued operations		13.7		65.6		38.0		(55.4)
Net income (loss)	$	93.1	$	105.8	$	316.2	$	(58.8)
Shares:
Weighted average ordinary shares outstanding		38.8		38.3		38.7		38.4
Dilutive effect of RSUs, option awards, and PSUs⁽¹⁾		0.7		0.1		0.9		—
Diluted weighted average ordinary shares outstanding		39.5		38.4		39.6		38.4
Income (loss) per share:
Income (loss) per share—basic:
Continuing operations		2.04		1.05		7.19		(0.09)
Discontinued operations		0.35		1.72		0.98		(1.44)
Income (loss) per share—basic	$	2.39	$	2.77	$	8.17	$	(1.53)
Income (loss) per share—diluted:
Continuing operations		2.01		1.04		7.03		(0.09)
Discontinued operations		0.35		1.71		0.96		(1.44)
Income (loss) per share—diluted	$	2.36	$	2.75	$	7.99	$	(1.53)

(1)

Refer to Note 15 for discussion of RSUs, option awards, and PSUs granted to certain Company directors and employees. There were 0.6 million anti-dilutive shares that have been excluded from the computation of diluted earnings per share for the three and nine months ended September 30, 2021. There were 1.6 million anti-dilutive shares that have been excluded from the computation of diluted earnings per share for the three months ended September 30, 2020. As the Company recorded a net loss from continuing operations for the nine months ended September 30, 2020, potential shares related to equity-based awards have been excluded from the calculation of diluted EPS, as doing so would be anti-dilutive.