Earnings Per Common Share (Tables)

12 Months Ended

Dec. 31, 2012

Reconciliation Of The Numerator And Denominator Of Earnings (Loss) Per Common Share

A reconciliation of the numerator and denominator of earnings per common share-basic to earnings per common share-assuming dilution is as follows (in millions, except per share data):



	Year Ended
	Dec 31, 2012		Dec 31, 2011		Dec 31, 2010
Earnings per share — basic:
Net income attributable to Company common shareholders — for basic EPS computation ⁽¹⁾	$	3.7	$	65.7	$	61.4
Weighted average shares outstanding for basic EPS computation ^(2,3)	49.7		51.9		52.1
Earnings per common share — basic ⁽³⁾	$	0.07	$	1.27	$	1.18
Earnings per share — assuming dilution:
Net income attributable to Company common shareholders	$	3.7	$	65.7	$	61.4
Add: Preferred stock dividends on convertible stock	0.3		0.3		0.3
Net income attributable to Company common shareholders — for diluted EPS computation ⁽¹⁾	$	4.0	$	66.0	$	61.7
Weighted average shares outstanding including nonvested shares	49.7		51.9		52.1
Dilutive effect of convertible bonds	—		0.6		—
Dilutive effect of stock options and restricted stock units	1.0		0.8		0.6
Dilutive effect of assumed conversion of preferred stock	0.4		0.4		0.4
Weighted average shares outstanding for diluted EPS computation ⁽²⁾	51.1		53.7		53.1
Earnings per common share — assuming dilution	$	0.08	$	1.23	$	1.16


(1)	Numerator


(2)	Denominator


(3)	Under the two class method, Earnings per share — basic reflects undistributed earnings per share for both common stock and unvested share-based payment awards (restricted stock).

Impact Of Company's Stock Price On Assuming Dilution Calculation For The Convertible Notes

The following table provides examples of how changes in the Company’s stock price would require the inclusion of additional shares in the denominator of the weighted average shares outstanding — assuming dilution calculation for the 0.875% Convertible Notes. The table also reflects the impact on the number of shares that the Company would expect to issue upon concurrent settlement of the 0.875% Convertible Notes and the note hedges and warrants.



	Shares Underlying 0.875% Convertible	Warrant	Total Treasury Method Incremental	Shares Due to the Company under		Incremental Shares Issued by the Company upon
Share Price	Notes	Shares	Shares ⁽¹⁾	Note Hedges		Conversion ⁽²⁾
$50.36	—	—	—	—		—
$60.36	1,167,502	—	1,167,502	(1,167,502	)	—
$70.36	2,003,400	—	2,003,400	(2,003,400	)	—
$80.36	2,631,259	382,618	3,013,877	(2,631,259	)	382,618
$90.36	3,120,150	1,120,363	4,240,513	(3,120,150	)	1,120,363
$100.36	3,511,614	1,711,088	5,222,702	(3,511,614	)	1,711,088


(1)	Represents the number of incremental shares that must be included in the calculation of fully diluted shares under U.S. GAAP.


(2)	Represents the number of incremental shares to be issued by the Company upon conversion of the 0.875% Convertible Notes, assuming concurrent settlement of the note hedges and warrants.

Impact Of Company's Stock Price On Assuming Dilution Calculation For The Senior Convertible Notes



	Shares Underlying 1.00% Senior	Total Treasury Method
Share Price	Convertible Notes	Incremental Shares ⁽¹⁾
$83.93	—	—
$93.93	13,425	13,425
$103.93	24,271	24,271
$113.93	33,213	33,213
$123.93	40,712	40,712
$133.93	47,091	47,091


(1)	Represents the number of incremental shares that must be included in the calculation of fully diluted shares under U.S. GAAP.

Impact Of Company's Stock Price On Assuming Dilution Calculation For The Subordinated Convertible Notes



	Shares Underlying Subordinated	Total Treasury Method
Share Price	Convertible Notes	Incremental Shares ⁽¹⁾
$36.75	—	—
$38.75	603,152	603,152
$40.75	1,147,099	1,147,099
$42.75	1,640,151	1,640,151
$44.75	2,089,131	2,089,131


(1)	Represents the number of incremental shares that must be included in the calculation of fully diluted shares under U.S. GAAP.