Earnings Per Share

9 Months Ended

Sep. 30, 2022

NOTE 19. EARNINGS PER SHARE

The following table is a reconciliation of earnings to earnings attributable to common shares used in our basic and diluted Earnings Per Share (“EPS”) calculations for the three and nine months ended September 30, 2022 and 2021. EPS components may not add due to rounding.


	Three Months Ended						Nine Months Ended
	September 30,						September 30,
	2022			2021			2022			2021
Earnings from continuing operations	$	54.5		$	50.8		$	151.1		$	143.4
(Earnings) allocated to participating vested share awards		(0.1	)		(0.1	)		(0.2	)		(0.2	)
Earnings from continuing operations attributable to common shares	$	54.4		$	50.7		$	150.9		$	143.2

The following table is a reconciliation of basic shares outstanding to diluted shares outstanding for the three and nine months ended September 30, 2022 and 2021 (shares in millions):


	Three Months Ended				Nine Months Ended
	September 30,				September 30,
	2022		2021		2022		2021
Basic shares outstanding		46.1		47.5		46.6		47.7
Dilutive effect of common stock equivalents		-		0.3		0.1		0.3
Diluted shares outstanding		46.1		47.8		46.7		48.0

Anti-dilutive stock awards excluded from the computation of dilutive EPS for the three and nine months ended September 30, 2022 were 3,812 and 6,202, respectively. There were no anti-dilutive stock awards excluded from the computation of diluted EPS for the three months ended September 30, 2021. Anti-dilutive stock awards excluded from the computation of dilutive EPS for the nine months ended September 30, 2021 were 11,397.