Earnings Per Share ("EPS") of Common Stock

9 Months Ended

Sep. 30, 2021

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 September 30,				Nine months ended September 30,
	2021		2020		2021		2020
	(In millions, except per share amounts)
Numerator:


Net income	$	42.6	$	31.7	$	105.7	$	102.3




Income allocated to participating securities	(0.3)		(0.3)		(0.7)		(1.3)
Net income for basic and diluted EPS	$	42.3	$	31.4	$	105.0	$	101.0


Denominator:
Basic weighted average shares	79.9		77.6		79.0		77.6



Effect of:

21/4% Notes	2.4		4.2		2.5		4.7
Awards issued under equity plans	—		0.1		—		0.1
Diluted weighted average shares	82.3		81.9		81.5		82.4
Basic


Basic EPS	$	0.53	$	0.40	$	1.33	$	1.30
Diluted


Diluted EPS	$	0.52	$	0.38	$	1.29	$	1.23

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