EARNINGS PER SHARE

6 Months Ended

Jun. 30, 2014

Earnings Per Share [Abstract]

EARNINGS PER SHARE

EARNINGS PER SHARE

Basic and diluted net income per share are computed by dividing net income by the weighted average number of common shares outstanding.  Diluted net income per share reflects the dilutive effect of stock-based compensation.

	Three Months Ended June 30,				Six Months Ended June 30,
	2014		2013		2014		2013
Computation of Income per Share	($ and shares in millions, except per share data)
Income from continuing operations	$	36.6	$	43.7	$	66.1	$	84.2
Income from discontinued operations, net	0.7		—		0.7		—
Net income	$	37.3	$	43.7	$	66.8	$	84.2
Basic shares	78.8		80.2		79.0		80.2
Basic income per share:
Income from continuing operations	$	0.46	$	0.54	$	0.84	$	1.05
Income from discontinued operations, net	0.01		—		0.01		—
Net income	$	0.47	$	0.54	$	0.85	$	1.05
Diluted shares:
Basic shares	$	78.8	$	80.2	$	79.0	$	80.2
Stock-based compensation	1.2		1.0		1.2		1.0
Diluted shares	$	80.0	$	81.2	$	80.2	$	81.2
Diluted income per share:
Income from continuing operations	$	0.46	$	0.54	$	0.82	$	1.04
Income from discontinued operations, net	0.01		—		0.01		—
Net income	$	0.47	$	0.54	$	0.83	$	1.04

The computation of dilutive shares from stock-based compensation does not include 0.6 million shares for both the three months ended June 30, 2014 and 2013 and 0.6 million shares and 1.4 million shares for the six months ended June 30, 2014 and 2013, respectively, as their effect would have been anti-dilutive.