Net Earnings Per Share

3 Months Ended

Mar. 31, 2023

NOTE 19. NET EARNINGS PER SHARE

The following table is a reconciliation of net earnings to net earnings attributable to common shares used in our basic and diluted net Earnings Per Share (“EPS”) calculations for the three months ended March 31, 2023 and 2022. EPS components may not add due to rounding.


	Three Months Ended
	March 31,
	2023		2022
Net earnings	$	47.3	$	44.4
(Earnings) allocated to participating vested share awards		-		(0.1	)
Net earnings attributable to common shares	$	47.3	$	44.3

The following table is a reconciliation of basic shares outstanding to diluted shares outstanding for the three months ended March 31, 2023 and 2022 (shares in millions):


	Three Months Ended
	March 31,
	2023		2022
Basic shares outstanding		45.4		47.1
Dilutive effect of common stock equivalents		0.1		0.1
Diluted shares outstanding		45.5		47.2

Anti-dilutive stock awards excluded from the computation of dilutive EPS for the three months ended March 31, 2023 and 2022 were 74,629 and 7,676, respectively.