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Earnings Per Share And Shareholders' Equity Transactions
3 Months Ended
Mar. 31, 2012
Earnings Per Share And Shareholders' Equity Transactions [Abstract]  
Earnings Per Share And Shareholders' Equity Transactions

11. Earnings Per Share and Shareholders' Equity Transactions

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
March 31,
 

(in millions, except per share data)

   2012     2011  

Basic shares used in the calculation of earnings per share

     44.9        45.3   

Dilutive effect of securities:

    

Employee stock options

     0.2        0.3   

Non-vested stock grants

     0.4        0.4   
  

 

 

   

 

 

 

Diluted shares used in the calculation of earnings per share

     45.5        46.0   
  

 

 

   

 

 

 

Per share effect of dilutive securities on income from continuing operations and net income

   $ (0.02   $ (0.01
  

 

 

   

 

 

 

Diluted earnings per share for the three months ended March 31, 2012 and 2011 excludes 1.8 million and 1.2 million, respectively, of common shares issuable under the Company's stock compensation plans, because their effect would be antidilutive.

During the three months ended March 31, 2012, the Company paid a dividend of 30.0 cents ($0.30) per share each to its shareholders, totaling $13.5 million.