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Earnings Per Share and Shareholders' Equity Transactions (Tables)
6 Months Ended
Jun. 30, 2021
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

 

 

 

Six Months Ended

 

 

 

June 30,

 

 

 

June 30,

 

(in millions, except per share data)

 

2021

 

 

2020

 

 

 

2021

 

 

 

2020

 

Basic shares used in the calculation of earnings per share

 

 

35.9

 

 

 

38.0

 

 

 

 

36.2

 

 

 

 

38.2

 

Dilutive effect of securities:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Employee stock options

 

 

0.4

 

 

 

0.1

 

 

 

 

0.3

 

 

 

 

0.2

 

Non-vested stock grants

 

 

0.2

 

 

 

0.2

 

 

 

 

0.2

 

 

 

 

0.2

 

Diluted shares used in the calculation of earnings per share

 

 

36.5

 

 

 

38.3

 

 

 

 

36.7

 

 

 

 

38.6

 

Per share effect of dilutive securities on income from

   continuing operations

 

$

(0.05

)

 

$

(0.02

)

 

 

$

(0.09

)

 

 

$

(0.03

)

Per share effect of dilutive securities on net income

 

$

(0.06

)

 

$

(0.02

)

 

 

$

(0.09

)

 

 

$

(0.02

)