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Earnings Per Share of Common Stock
3 Months Ended
Mar. 31, 2013
Earnings Per Share of Common Stock
7. Earnings Per Share of Common Stock

The following is a reconciliation of the earnings and share data used in the basic and diluted earnings per share computations for the three months ended March 31, 2013 and 2012 (dollars in millions):

 

     Three Months Ended
March 31,
 
     2013      2012  

Net earnings

   $ 196.3       $ 560.1   

Effect of dilutive securities

     —           0.2   
  

 

 

    

 

 

 

Income available to common stockholders for diluted earnings per share

   $ 196.3       $ 560.3   
  

 

 

    

 

 

 

Weighted average common shares outstanding applicable to basic earnings per share

     16,822,056         10,945,269   

Effect of dilutive securities

     —           28,160   
  

 

 

    

 

 

 

Adjusted weighted average common shares outstanding applicable to diluted earnings per share

     16,822,056         10,973,429   
  

 

 

    

 

 

 

Contingently issuable shares of 53,720 and 37,899 were potentially available during the first quarter of 2013 and 2012, respectively, but were not included in the computations of diluted earnings per share because the impact was anti-dilutive to the earnings per share calculation.