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Earnings Per Share
9 Months Ended
Sep. 30, 2013
Earnings Per Share [Abstract]  
Earnings Per Share

 

 

NOTE 22.  EARNINGS PER SHARE 

Earnings per share (“EPS”) components may not add due to rounding. 

 

The following table is a reconciliation of earnings to earnings attributable to common shares used in our basic and diluted EPS calculations for the three month and nine month periods ended September 30, 2013 and 2012:

 

 

 

 

 

 

 

 

 

 

 

 

 

Three Months Ended

 

Nine Months Ended

 

 

September 30,

 

September 30,

 

 

2013

 

2012

 

2013

 

2012

Earnings from continuing operations

 

$
55.9 

 

$
74.0 

 

$
89.7 

 

$
135.2 

Earnings allocated to participating non-vested

 

 

 

 

 

 

 

 

share awards

 

(0.3)

 

(0.5)

 

(0.5)

 

(1.0)

Earnings from continuing operations attributable

 

 

 

 

 

 

 

 

common shares

 

$
55.6 

 

$
73.5 

 

$
89.2 

 

$
134.2 

 

The following table is a reconciliation of basic shares outstanding to diluted shares outstanding for the three month and nine month periods ended September 30, 2013 and 2012 (shares in millions):

 

 

 

 

 

 

 

 

 

 

 

 

 

Three Months Ended

 

Nine Months Ended

 

 

September 30,

 

September 30,

 

 

2013

 

2012

 

2013

 

2012

Basic shares outstanding

 

58.4 

 

58.9 

 

58.9 

 

58.8 

Dilutive effect of stock option awards

 

0.6 

 

0.5 

 

0.6 

 

0.6 

Diluted shares outstanding

 

59.0 

 

59.4 

 

59.5 

 

59.4 

 

Options to purchase 358,402 and 106,440 shares of common stock were outstanding at September 30, 2013 and 2012, respectively, but not included in the computation of diluted earnings per share, because they were anti-dilutive.