Earnings Per Share ("EPS") of Common Stock

3 Months Ended

Mar. 31, 2020

Earnings Per Share [Abstract]

Earnings Per Share (EPS) of Common Stock

Earnings Per Share ("EPS") of Common Stock

The following table reconciles the numerator and denominator used to calculate basic and diluted EPS of common stock:

	Three months ended March 31,
	2020			2019
	(In millions, except per share amounts)
Numerator:
Net income	$	31.4		$	38.7
Income allocated to participating securities	(0.5		)	(0.7		)
Net income for basic and diluted EPS	$	30.9		$	38.0
Denominator:
Basic weighted average shares	77.5			77.1
Effect of:
2.25% Convertible Senior Notes ("21/4% Notes")	5.4			3.4
Employee stock options and stock purchase plan	0.2			0.1
Diluted weighted average shares	83.1			80.6
Basic
Basic EPS	$	0.40		$	0.49
Diluted
Diluted EPS	$	0.37		$	0.47

The following table sets forth the potentially dilutive securities excluded from the computation because their effect would have been anti-dilutive: 

	Three months ended March 31,
	2020	2019
	(In millions)
Unvested restricted shares	1.2	1.4
Total potentially dilutive securities	1.2	1.4