EARNINGS PER SHARE

12 Months Ended

Dec. 31, 2020


	For the year ended December 31,
	(in millions, except per share data)
	2020		2019		2018
Income (loss) from continuing operations	$	9.0	$	209.7	$	241.7
Income (loss) from discontinued operations – net of tax	(0.4)		(155.4)		(130.4)
Gain (loss) on disposition of discontinued operations – net of tax	(19.2)		0.1		2.4
Net income (loss)	$	(10.6)	$	54.4	$	113.7
Basic shares:
Weighted average shares outstanding	69.6		71.1		75.4
Earnings (loss) per share – basic:
Income (loss) from continuing operations	$	0.13	$	2.95	$	3.21
Income (loss) from discontinued operations – net of tax	(0.01)		(2.18)		(1.73)
Gain (loss) on disposition of discontinued operations – net of tax	(0.27)		—		0.03
Net income (loss)	$	(0.15)	$	0.77	$	1.51
Diluted shares:
Weighted average shares outstanding – basic	69.6		71.1		75.4
Effect of dilutive securities:
Restricted stock awards	0.5		0.7		1.5
Diluted weighted average shares outstanding	70.1		71.8		76.9
Earnings (loss) per share – diluted:
Income (loss) from continuing operations	$	0.13	$	2.92	$	3.14
Income (loss) from discontinued operations – net of tax	(0.01)		(2.16)		(1.69)
Gain (loss) on disposition of discontinued operations – net of tax	(0.27)		—		0.03
Net income (loss)	$	(0.15)	$	0.76	$	1.48

Non-vested restricted stock awards granted by the Company are treated as potential common shares outstanding in computing diluted earnings per share using the treasury stock method. Weighted average restricted stock awards of approximately 0.8 million, 0.6 million and 0.2 million were outstanding during the years ended December 31, 2020, 2019 and 2018, respectively, but were not included in the computation of diluted shares as the effect would be anti-dilutive or performance targets were not expected to be achieved for awards contingent upon performance.