EARNINGS PER SHARE

3 Months Ended

Mar. 31, 2023

Diluted earnings per share is calculated based upon earnings applicable to common shares divided by the weighted-average number of common shares outstanding during the period adjusted for the effect of other dilutive securities. The amount of the anti-dilutive shares were 0.4 million and 0.1 million for the three months ended March 31, 2023 and March 31, 2022, respectively. The following table reconciles the basic and diluted shares used in earnings per share calculations for the three months ended March 31, 2023 and March 31, 2022:


	Three Months Ended
	March 31, 2023	March 31, 2022
Denominator for Basic Earnings Per Share	66.2	67.4
Effect of Dilutive Securities	0.4	0.5
Denominator for Diluted Earnings Per Share	66.6	67.9