Earnings Per Share

3 Months Ended

Mar. 31, 2021

NOTE 20. EARNINGS PER SHARE

The following table is a reconciliation of earnings (loss) to earnings (loss) attributable to common shares used in our basic and diluted (Loss) Earnings Per Share (“EPS”) calculations for the three months ended March 31, 2021 and 2020. EPS components may not add due to rounding.

	Three Months Ended
	March 31,
	2021			2020
Earnings (loss) from continuing operations	$	37.5		$	(222.6	)
(Earnings) allocated to participating vested share awards		(0.1	)		-
Earnings (loss) from continuing operations attributable to common shares	$	37.4		$	(222.6	)

The following table is a reconciliation of basic shares outstanding to diluted shares outstanding for the three months ended March 31, 2021 and 2020 (shares in millions):

	Three Months Ended
	March 31,
	2021		2020
Basic shares outstanding		47.8		48.0
Dilutive effect of common stock equivalents		0.2		-
Diluted shares outstanding		48.0		48.0

Anti-dilutive stock awards excluded from the computation of diluted EPS for the three months ended March 31, 2021 and 2020 were 33,643 and 702,513, respectively. Due to the net loss for the three months ended March 31, 2020, all common stock equivalents were considered anti-dilutive.