EARNINGS PER SHARE

9 Months Ended

Sep. 30, 2015

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 September 30,				Nine Months Ended September 30,
	2015		2014		2015		2014
Computation of Income per Share	($ and shares in millions, except per share data)
Income from continuing operations, net	$	5.9	$	26.1	$	61.3	$	92.2
Income from discontinued operations, net	—		—		—		0.7
Net income	$	5.9	$	26.1	$	61.3	$	92.9
Basic shares	77.6		78.4		77.5		78.8
Basic income per share:
Income from continuing operations, net	$	0.08	$	0.33	$	0.79	$	1.17
Income from discontinued operations, net	—		—		—		0.01
Net income	$	0.08	$	0.33	$	0.79	$	1.18
Diluted shares:
Basic shares	77.6		78.4		77.5		78.8
Stock-based compensation	0.7		1.1		1.0		1.2
Diluted shares	78.3		79.5		78.5		80.0
Diluted income per share:
Income from continuing operations, net	$	0.08	$	0.33	$	0.78	$	1.15
Income from discontinued operations, net	—		—		—		0.01
Net income	$	0.08	$	0.33	$	0.78	$	1.16

The computation of dilutive shares from stock-based compensation does not include 2.4 million shares and 0.6 million shares for the three months ended September 30, 2015 and 2014, respectively, and 1.4 million shares and 0.6 million shares for the nine months ended September 30, 2015 and 2014, respectively, as their effect would have been anti-dilutive.