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Earnings per Share
12 Months Ended
Dec. 31, 2010
Earnings per Share  
Earnings per Share

12. EARNINGS PER SHARE

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

 

DECEMBER 31

   2010     2009     2008  
(In millions, except per share data)                   

Basic shares used in the calculation of earnings per share

     45.6        50.6        51.3   

Dilutive effect of securities:

      

Employee stock options

     0.3        0.2        0.3   

Non-vested stock grants

     0.4        0.3        0.1   
                        

Diluted shares used in the calculation of earnings per share

     46.3        51.1        51.7   
                        

Per share effect of dilutive securities on income from continuing operations

   $ (0.05   $ (0.03   $ (0.02
                        

Per share effect of dilutive securities on net income

   $ (0.05   $ (0.04   $ —     
                        

Diluted earnings per share during 2010, 2009 and 2008 excludes 1.4 million, 2.1 million and 1.7 million, respectively, of common shares issuable under the Company's stock compensation plans, because their effect would be antidilutive.