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Earnings Per Share and Shareholders' Equity Transactions (Tables)
9 Months Ended
Sep. 30, 2022
Earnings Per Share [Abstract]  
Information Regarding Basic and Diluted Earnings Per Share

The following table provides weighted average share information used in the calculation of the Company’s basic and diluted earnings per share:

 

 

 

Three Months Ended

 

 

 

Nine Months Ended

 

 

 

September 30,

 

 

 

September 30,

 

(in millions, except per share data)

 

2022

 

 

2021

 

 

 

2022

 

 

 

2021

 

Basic shares used in the calculation of earnings per share

 

 

35.6

 

 

 

35.7

 

 

 

 

35.6

 

 

 

 

36.0

 

Dilutive effect of securities:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Employee stock options

 

 

0.2

 

 

 

0.3

 

 

 

 

0.3

 

 

 

 

0.3

 

Non-vested stock grants

 

 

0.3

 

 

 

0.3

 

 

 

 

0.2

 

 

 

 

0.3

 

Diluted shares used in the calculation of earnings per share

 

 

36.1

 

 

 

36.3

 

 

 

 

36.1

 

 

 

 

36.6

 

Per share effect of dilutive securities on income from
   continuing operations

 

 

 

$

(0.02

)

 

 

$

(0.06

)

 

 

$

(0.10

)

Per share effect of dilutive securities on net income

 

 

 

$

(0.01

)

 

 

$

(0.06

)

 

 

$

(0.11

)