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Earnings Per Share and Shareholders' Equity Transactions (Tables)
3 Months Ended
Mar. 31, 2019
Earnings Per Share [Abstract]  
Information Regarding Basic and Diluted 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

 

 

 

March 31,

 

(in millions, except per share data)

 

2019

 

 

2018

 

Basic shares used in the calculation of earnings per share

 

 

40.6

 

 

 

42.5

 

Dilutive effect of securities:

 

 

 

 

 

 

 

 

Employee stock options

 

 

0.3

 

 

 

0.3

 

Non-vested stock grants

 

 

0.3

 

 

 

0.3

 

Diluted shares used in the calculation of earnings per share

 

 

41.2

 

 

 

43.1

 

Per share effect of dilutive securities on income from

   continuing operations and net income

 

$

(0.04

)

 

$

(0.02

)