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Earnings Per Share (Tables)
9 Months Ended
Sep. 30, 2014
Computations of Weighted Average Shares Outstanding

The computations of the weighted average shares outstanding for the three and nine months ended September 30, 2014 and 2013 are as follows:

 

     Three
months ended
September 30,
     Nine
months ended
September 30,
 

(in millions)

   2014      2013      2014      2013  

Weighted average shares outstanding:

           

Basic

     122.9         111.5         123.7         110.1   

Share-based awards

     0.1         0.5         0.4         0.6   

Convertible debt

     2.1         —          2.2         —    
  

 

 

    

 

 

    

 

 

    

 

 

 

Diluted

     125.1         112.0         126.3         110.7   
  

 

 

    

 

 

    

 

 

    

 

 

 
Unaudited Pro Forma Basic and Diluted Earnings Per Share

The following table presents unaudited pro forma basic and diluted earnings per share for the three and nine months ended September 30, 2014 and 2013 after giving effect to the Stock Split (see Note 11) and assumes that the Stock Split occurred on January 1, 2013.

 

     Three
months ended

September 30,
     Nine
months ended

September 30,
 
     2014      2013      2014      2013  

Pro forma earnings per share (unaudited):

                    

Basic

   $ 0.59          $ 0.57          $ 0.89          $ 1.01   

Diluted

   $ 0.58          $ 0.56          $ 0.87          $ 1.00