Earnings Per Share

6 Months Ended

Jun. 30, 2016

NOTE 21. 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 periods ended June 30, 2016 and 2015:

	Three Months Ended						Six Months Ended
	June 30,						June 30,
	2016			2015			2016		2015
Earnings from continuing operations	$	16.6		$	15.1		$	9.5	$	20.8
Earnings allocated to participating non-vested share awards		(0.1	)		(0.2	)		-		(0.2	)
Earnings from continuing operations attributable to common shares	$	16.5		$	14.9		$	9.5	$	20.6

The following table is a reconciliation of basic shares outstanding to diluted shares outstanding for the three and six months ended June 30, 2016 and 2015 (shares in millions):

	Three Months Ended				Six Months Ended
	June 30,				June 30,
	2016		2015		2016		2015
Basic shares outstanding		55.6		55.5		55.6		55.4
Dilutive effect of common stock equivalents		0.4		0.3		0.3		0.4
Diluted shares outstanding		56.0		55.8		55.9		55.8

Anti-dilutive stock options excluded from the computation of diluted EPS for the three and six months ended June 30, 2016 were 478,428 and 708,010, respectively. Anti-dilutive stock options excluded from the computation of diluted EPS for the three and six months ended June 30, 2015 were 8,175 and 142,250, respectively.