Net Earnings Per Common Share

6 Months Ended

Jun. 30, 2014

Net Earnings Per Common Share

Note 11.Net Earnings Per Common Share

Basic net earnings per common share is computed using the weighted average common shares outstanding during the period. Diluted net earnings per common share is computed by using the weighted average common shares outstanding including the dilutive effect of stock options, shares issued under the Employee Stock Purchase Plan and restricted shares based on an average share price during the period. For the three month periods ended June 30, 2014 and 2013, approximately 0.0 and 0.1 shares and for the six month periods ended June 30, 2014 and 2013, approximately 0.0 and 0.1 shares of the Company’s common stock, respectively, were excluded from the determination of diluted earnings per common share because their effect would have been anti-dilutive. The computations of basic and diluted earnings per share for the three and six months ended June 30, 2014 and 2013, respectively, are as follows:

	THREE MONTHS ENDED				SIX MONTHS ENDED
	JUNE 30,				JUNE 30,
	2014		2013		2014		2013
Net earnings	$	108.6	$	92.4	$	217.6	$	182.3
Basic weighted average common shares		103.9		103.1		103.9		103.1
Effect of dilutive stock options and
employee stock purchase plan shares		0.1		0.1		0.1		0.1
Effect of restricted shares issued		0.5		0.7		0.4		0.6
Diluted weighted average common shares		104.5		103.9		104.4		103.8
Basic net earnings per common share	$	1.05	$	0.90	$	2.09	$	1.77
Diluted net earnings per common share	$	1.04	$	0.89	$	2.08	$	1.76