Earnings Per Share

12 Months Ended

Dec. 31, 2020

Earnings Per Share [Abstract]

Earnings Per Share

Earnings Per Share

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

	Year Ended December 31,
	2020		2019		2018
	(In millions, except per share amounts)
Numerator:
Net income	$	137.7	$	141.0	$	137.3
Income allocated to participating securities	(1.7)		(2.6)		(2.9)
Net income for basic and diluted EPS	$	136.0	$	138.4	$	134.4
Denominator:
Basic weighted average shares	77.4		77.2		74.8
Effect of:
21/4% Notes	4.5		4.4		1.9
Awards issued under equity plans	—		0.1		0.1
Diluted weighted average shares	81.9		81.7		76.8
Basic EPS	$	1.76	$	1.79	$	1.80
Diluted EPS	$	1.66	$	1.69	$	1.75

Securities which would have been anti-dilutive are insignificant and are excluded from the computation of diluted earnings per share in all periods presented.