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Earnings per Common Share (Tables)
3 Months Ended
Mar. 31, 2015
Earnings Per Share [Abstract]  
Computation of Basic and Diluted Earnings Per Common Share
The following table sets forth the computation of basic and diluted earnings per common share (in millions, except per share amounts):
 
Three Months Ended March 31,
 
2015
 
2014
Basic:
 
 
 
Numerator:
 
 
 
Income from continuing operations
$
59.3

 
$
61.6

Less: Net income attributable to noncontrolling interests included in continuing operations
(16.5
)
 
(14.8
)
Less: Income allocated to participating securities
(0.3
)
 
(0.5
)
Less: Convertible perpetual preferred stock dividends
(1.6
)
 
(1.6
)
Income from continuing operations attributable to HealthSouth common shareholders
40.9

 
44.7

Loss from discontinued operations, net of tax, attributable to HealthSouth common shareholders
(0.3
)
 
(0.1
)
Net income attributable to HealthSouth common shareholders
$
40.6

 
$
44.6

Denominator:
 
 
 
Basic weighted average common shares outstanding
87.1

 
87.3

Basic earnings per share attributable to HealthSouth common shareholders:
 
 
 
Continuing operations
$
0.47

 
$
0.51

Discontinued operations

 

Net income
$
0.47

 
$
0.51

 
 
 
 
Diluted:
 
 
 
Numerator:
 
 
 
Income from continuing operations
$
59.3

 
$
61.6

Less: Net income attributable to noncontrolling interests included in continuing operations
(16.5
)
 
(14.8
)
Add: Interest on convertible debt, net of tax
2.3

 
2.2

Income from continuing operations attributable to HealthSouth common shareholders
45.1

 
49.0

Loss from discontinued operations, net of tax, attributable to HealthSouth common shareholders
(0.3
)
 
(0.1
)
Net income attributable to HealthSouth common shareholders
$
44.8

 
$
48.9

Denominator:
 
 
 
Diluted weighted average common shares outstanding
101.1

 
100.9

Diluted earnings per share attributable to HealthSouth common shareholders:
 
 
 
Continuing operations
$
0.44

 
$
0.48

Discontinued operations

 

Net income
$
0.44

 
$
0.48

Reconciliation of Weighted Average Number of Shares Outstanding
The following table sets forth the reconciliation between basic weighted average common shares outstanding and diluted weighted average common shares outstanding (in millions):
 
Three Months Ended March 31,
 
2015
 
2014
Basic weighted average common shares outstanding
87.1

 
87.3

Convertible perpetual preferred stock
3.2

 
3.2

Convertible senior subordinated notes
8.2

 
8.1

Restricted stock awards, dilutive stock options, restricted stock units, and common stock warrants
2.6

 
2.3

Diluted weighted average common shares outstanding
101.1

 
100.9