Earnings Per Share

3 Months Ended

Mar. 31, 2021

Our basic earnings per share calculations are based on the weighted average number of common shares outstanding during the period. Potentially dilutive securities include outstanding stock options, restricted share units, deferred stock units and performance-based restricted share units. The effect of potentially dilutive securities is reflected in diluted earnings per common share by application of the treasury method. Diluted earnings per share gives effect to all potentially dilutive common shares outstanding during the period.


	Three Months Ended
	March 31,
(in millions, except per share data)	2021		2020
Net income attributable to common shareholders	$	108.4	$	62.8

Average basic shares outstanding	58.2		58.8
Effect of dilutive share-based awards	0.7		0.8
Average diluted shares outstanding	58.9		59.6

Earnings per basic share	$	1.86	$	1.07
Earnings per diluted share	$	1.84	$	1.05

The computation of diluted earnings per share excludes the effect of the potentially anti-dilutive securities which was 1.8 million and 1.4 million for the three month periods ending March 31, 2021 and 2020, respectively.