Earnings Per Share and Shareholders' Equity

3 Months Ended

Mar. 31, 2018

Earnings per share and shareholders equity

EARNINGS PER SHARE AND SHAREHOLDERS' EQUITY

Earnings per Share

A reconciliation of the numerators and denominators used in the basic and diluted earnings per share ("EPS") calculation is as follows (in millions):



	Three Months Ended
	March 31, 2018		April 1, 2017
Numerator:
Net income	$	80.8	$	71.6

Denominator:
Weighted average shares outstanding for basic EPS	140.8		143.4
Dilutive effect of share-based awards	0.6		0.2
Weighted average shares outstanding for diluted EPS	141.4		143.6

Anti-dilutive share-based awards excluded from computation of diluted EPS	0.7		1.0

Shareholders' Equity

We issued shares related to the exercise and vesting of share-based compensation as follows:



Three Months Ended
March 31, 2018			April 1, 2017
53,000			14,400

Share Repurchases

In October 2015, the Board of Directors approved a three-year share repurchase plan of up to $2.0 billion. During the three months ended March 31, 2018, we repurchased 1.3 million ordinary shares at an average repurchase price of $81.92 per share, for a total of $108.1 million. We did not repurchase any shares under the share repurchase plan during the three months ended April 1, 2017.