Earnings Per Share (Notes)

9 Months Ended

Sep. 30, 2023

Earnings per Share

The following table shows the calculation of basic and diluted earnings per share (in millions, except per share data).


	Three Months Ended				Nine Months Ended
	September 30,				September 30,
	2023		2022		2023		2022
Income from continuing operations	$	59.4	$	71.1	$	169.0	$	211.3
Loss from discontinued operations, net of income taxes	—		2.1		—		1.2
Net income	$	59.4	$	73.2	$	169.0	$	212.5

Weighted-average number of common shares outstanding — basic	48.1		50.1		48.8		50.9
Dilutive effect of common share equivalents	0.3		0.6		0.4		0.7
Weighted-average number of common shares and share equivalents outstanding — diluted	48.4		50.7		49.2		51.6

Basic earnings per share:
Continuing operations	$	1.23	$	1.42	$	3.46	$	4.15
Discontinued operations	—		0.04		—		0.02
	$	1.23	$	1.46	$	3.46	$	4.17
Diluted earnings per share:
Continuing operations	$	1.23	$	1.40	$	3.43	$	4.09
Discontinued operations	—		0.04		—		0.02
	$	1.23	$	1.44	$	3.43	$	4.11