Earnings per Share

12 Months Ended

Dec. 31, 2023

The following is a reconciliation of the number of shares and share equivalents used to calculate basic and diluted earnings per share (in millions, except per share amounts):


	Year Ended December 31,
	2023		2022		2021
Income from continuing operations	$	219.3	$	266.9	$	231.8
Income from discontinued operations, net of income taxes	—		1.2		178.1
Net income	$	219.3	$	268.1	$	409.9

Weighted-average number of common shares outstanding - basic	48.3		50.6		52.7
Dilutive effect of common share equivalents	0.4		0.7		0.8
Weighted-average number of common shares and share equivalents outstanding - diluted	48.7		51.3		53.5

Basic earnings per share:
Continuing operations	$	4.54	$	5.27	$	4.40
Discontinued operations	—		0.03		3.38
	$	4.54	$	5.30	$	7.78
Diluted earnings per share:
Continuing operations	$	4.50	$	5.21	$	4.33
Discontinued operations	—		0.02		3.33
	$	4.50	$	5.23	$	7.66