Earnings Per Share and Shareholders' Equity Transactions

6 Months Ended

Jun. 30, 2012

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 June 30,						Six Months Ended June 30,
(in millions, except per share data)		2012			2011			2012			2011
Basic shares used in the calculation of earnings per share			44.9			45.4			44.9			45.4
Dilutive effect of securities:
Employee stock options			0.2			-			0.2			-
Non-vested stock grants			0.3			-			0.3			-
Diluted shares used in the calculation of earnings per share			45.4			45.4			45.4			45.4
Per share effect of dilutive securities on income (loss) from continuing operations	$		-	$		-	$		(0.02)	$		-
Per share effect of dilutive securities on net income (loss)	$		-	$		-	$		(0.02)	$		-

Diluted earnings per share for the three months ended June 30, 2012 and 2011 excludes 1.6 million and 1.9 million, respectively, of common shares issuable under the Company’s stock compensation plans, because their effect would be antidilutive. Diluted earnings per share for the six months ended June 30, 2012 and 2011 excludes 1.8 million and 2.2 million, respectively, of common shares issuable under the Company’s stock compensation plans, because their effect would be antidilutive.