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Quarterly Results of Operations (Tables)
12 Months Ended
Dec. 31, 2018
Quarterly Financial Information Disclosure [Abstract]  
Schedule of Quarterly Financial Information

The quarterly results of operations for 2018 and 2017 are summarized below.

 

THREE MONTHS ENDED

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(in millions, except per share data)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

2018

 

March 31

 

 

June 30

 

 

Sept. 30

 

 

Dec. 31

 

Total revenues

 

$

1,091.5

 

 

$

1,133.4

 

 

$

1,166.6

 

 

$

1,102.8

 

Income from continuing operations

 

$

50.5

 

 

$

82.4

 

 

$

104.0

 

 

$

2.1

 

Net income

 

$

67.7

 

 

$

99.3

 

 

$

100.4

 

 

$

123.6

 

Income from continuing operations per share:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Basic

 

$

1.19

 

 

$

1.94

 

 

$

2.45

 

 

$

0.05

 

Diluted

 

$

1.17

 

 

$

1.91

 

 

$

2.41

 

 

$

0.05

 

Net income per share:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Basic

 

$

1.59

 

 

$

2.34

 

 

$

2.36

 

 

$

2.92

 

Diluted

 

$

1.57

 

 

$

2.31

 

 

$

2.33

 

 

$

2.88

 

Dividends declared per share (1)

 

$

0.54

 

 

$

0.54

 

 

$

0.54

 

 

$

5.35

 

 

 

THREE MONTHS ENDED

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(in millions, except per share data)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

2017

 

March 31

 

 

June 30

 

 

Sept. 30

 

 

Dec. 31

 

Total revenues

 

$

1,036.2

 

 

$

1,053.3

 

 

$

1,085.9

 

 

$

1,092.5

 

Income from continuing operations

 

$

28.4

 

 

$

56.3

 

 

$

59.5

 

 

$

71.9

 

Net income

 

$

45.2

 

 

$

78.4

 

 

$

11.1

 

 

$

51.5

 

Income from continuing operations per share:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Basic

 

$

0.67

 

 

$

1.32

 

 

$

1.40

 

 

$

1.69

 

Diluted

 

$

0.66

 

 

$

1.32

 

 

$

1.38

 

 

$

1.67

 

Net income per share:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Basic

 

$

1.06

 

 

$

1.84

 

 

$

0.26

 

 

$

1.21

 

Diluted

 

$

1.05

 

 

$

1.83

 

 

$

0.26

 

 

$

1.20

 

Dividends declared per share

 

$

0.50

 

 

$

0.50

 

 

$

0.50

 

 

$

0.54

 

 

(1)

As a result of the sale of Chaucer, (see Note 2 – “Discontinued Operations”), on December 30, 2018 the Board of Directors declared a special dividend of $4.75 per share (see Note 12 – “Earnings Per Share and Shareholders’ Equity Transactions”).