Earnings Per Share (Tables)

9 Months Ended

Sep. 30, 2020

Earnings Per Share [Abstract]

Calculation of EPS

The following table sets forth the calculation of EPS for the three and nine months ended September 30, 2020 and 2019 (in millions, except share and per share data):

	Three Months Ended September 30,				Nine Months Ended September 30,
	2020		2019		2020		2019
Weighted average basic common shares outstanding	17,776,888		17,961,555		17,770,619		17,889,572
Dilutive effect of stock-based awards and employee stock purchases	58,661		17,145		47,919		17,978
Weighted average dilutive common shares	17,835,549		17,978,700		17,818,538		17,907,550
Basic:
Net income (loss)	$	126.4	$	38.0	$	186.4	$	125.9
Less: Earnings (loss) allocated to participating securities	4.6		1.4		6.7		4.7
Net income (loss) available to basic common shares	$	121.9	$	36.7	$	179.7	$	121.2
Basic earnings (loss) per common share	$	6.86	$	2.04	$	10.11	$	6.78
Diluted:
Net income (loss)	$	126.4	$	38.0	$	186.4	$	125.9
Less: Earnings (loss) allocated to participating securities	4.5		1.4		6.7		4.7
Net income (loss) available to diluted common shares	$	121.9	$	36.7	$	179.7	$	121.2
Diluted earnings (loss) per common share	$	6.83	$	2.04	$	10.08	$	6.77