Earnings Per Share

6 Months Ended

Jun. 30, 2012

Earnings Per Share

11. Earnings Per Share

The computations of the weighted average shares outstanding for the three and six months ended June 30, 2012 and 2011 are as follows:

	Three months ended June  30,				Six months ended June  30,
(in millions)	2012		2011		2012		2011
Weighted average shares outstanding:
Basic		76.5		88.6		80.7		88.8
Dilutive share-based awards		0.4		0.5		0.5		0.5
Diluted		76.9		89.1		81.2		89.3

Stock options and warrants to purchase 2.2 million shares of the Company’s common stock at June 30, 2011 had exercise prices that exceeded the average market price of the Company’s common stock for the three months ended June 30, 2011. As such, these share-based awards did not affect the computation of diluted earnings per share.