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Net Earnings Per Share (Tables)
3 Months Ended
Mar. 31, 2023
Earnings Per Share [Abstract]  
Reconciliation of Earnings to Earnings Attributable to Common Shares Used in Basic and Diluted Earnings Per Share Calculation

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

 

Reconciliation of Basic Shares Outstanding to Diluted Shares Outstanding

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