Earnings Per Share

9 Months Ended

Sep. 30, 2012

Earnings Per Share

11. 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 September 30,							Nine Months Ended September 30,
(in millions, except per share data)	2012				2011			2012				2011
Basic shares used in the calculation of earnings per share			44.6				45.3			44.8				45.4
Dilutive effect of securities:
Employee stock options			0.2				-			0.2				-
Non-vested stock grants			0.4				-			0.4				-
Diluted shares used in the calculation of earnings per share			45.2				45.3			45.4				45.4
Per share effect of dilutive securities on income (loss) from continuing operations and net income (loss)		$	(0.02	)		$	-		$	(0.03	)		$	-

Diluted earnings per share for the three months ended September 30, 2012 and 2011 excludes 2.1 million and 2.5 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 nine months ended September 30, 2012 and 2011 excludes 1.8 million and 2.1 million, respectively, of common shares issuable under the Company’s stock compensation plans, because their effect would be antidilutive.