Earnings Per Share (Tables)

3 Months Ended

Mar. 31, 2022

Schedule of Basic and Diluted Earnings (Loss) Per Share

The following is a reconciliation of the numerator and denominator used in the calculation of basic and diluted earnings per share available to common stockholders:


	For the Three Months Ended March 31,
	2021		2022
Numerator
Net income (controlling interest)	$	149.9	$	146.0
Income from hypothetical settlement of Redeemable non-controlling interests, net of taxes	—		11.7
Interest expense on junior convertible securities, net of taxes	4.7		3.8
Net income (controlling interest), as adjusted	$	154.6	$	161.5
Denominator
Average shares outstanding (basic)	42.6		39.7
Effect of dilutive instruments:
Stock options and restricted stock units	0.6		1.2
Hypothetical issuance of shares to settle Redeemable non-controlling interests	—		4.0
Junior convertible securities	2.2		2.0
Average shares outstanding (diluted)	45.4		46.9

Schedule of Shares Excluded from Calculation of Basic and Diluted Earnings (Loss) Per Share

The following is a summary of items excluded from the denominator in the table above:


	For the Three Months Ended March 31,
	2021	2022
Stock options and restricted stock units	0.4	0.5
Shares issuable to settle Redeemable non-controlling interests	—	3.1