EARNINGS PER SHARE

12 Months Ended

Dec. 31, 2015

Earnings Per Share [Abstract]

EARNINGS PER SHARE

EARNINGS PER SHARE

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

	Years ended December 31,
	2015			2014		2013
Computation of Income (loss) per Share	(In millions, except per share data)
Income (loss) from continuing operations, net	$	(1.4	)	$	105.0	$	178.6
Income from discontinued operations, net	—			0.7		—
Net (loss) income	$	(1.4	)	$	105.7	$	178.6
Basic shares	103.4			78.6		79.9
Basic (loss) income per share:
Income (loss) from continuing operations	$	(0.01	)	$	1.33	$	2.24
Income from discontinued operations, net	—			0.01		—
Net (loss) income	$	(0.01	)	$	1.34	$	2.24
Diluted shares:
Basic shares	103.4			78.6		79.9
Stock-based compensation	—			1.1		1.0
Diluted shares	103.4			79.7		80.9
Diluted (loss) income per share:
Income (loss) from continuing operations	$	(0.01	)	$	1.32	$	2.21
Income from discontinued operations, net	—			0.01		—
Net (loss) income	$	(0.01	)	$	1.33	$	2.21

The computation of dilutive shares from stock-based compensation does not include 5.2 million shares in 2015 and 0.6 million shares in both 2014 and 2013 as their effect would have been anti-dilutive.