Net Earnings Per Share

9 Months Ended

Sep. 30, 2023

NOTE 22. NET EARNINGS PER SHARE

The following table is a reconciliation of earnings from continuing operations to earnings from continuing operations attributable to common shares used in our basic and diluted net Earnings Per Share (“EPS”) calculations for the three and nine months ended September 30, 2023 and 2022. EPS components may not add due to rounding.


	Three Months Ended					Nine Months Ended
	September 30,					September 30,
	2023		2022			2023			2022
Earnings from continuing operations	$	69.5	$	54.5		$	177.0		$	151.1
Earnings allocated to participating vested share awards		-		(0.1	)		(0.1	)		(0.2	)
Earnings from continuing operations attributable to common shares	$	69.5	$	54.4		$	176.9		$	150.9

The following table is a reconciliation of basic shares outstanding to diluted shares outstanding for the three and nine months ended September 30, 2023 and 2022 (shares in millions):


	Three Months Ended				Nine Months Ended
	September 30,				September 30,
	2023		2022		2023		2022

Basic shares outstanding		44.5		46.1		45.0		46.6
Dilutive effect of common stock equivalents		0.1		-		-		0.1
Diluted shares outstanding		44.6		46.1		45.0		46.7

Anti-dilutive stock awards excluded from the computation of dilutive EPS for the three and nine months ended September 30, 2023 were 44,932 and 103,740, respectively. 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.