Earnings (Loss) Per Share

3 Months Ended

Feb. 28, 2019

The following table summarizes the computation of earnings per common share and earnings per common share, assuming dilution:



	Three Months Ended February 28,
	2019			2018
	(Dollars and shares in millions, except per share data)
Numerator:
Net income (loss)	$	(4.6	)	$	7.3

Denominator:
Denominator for basic earnings (loss) per share - weighted average shares outstanding	44.7			44.6
Effect of dilutive securities	—			.4
Denominator for dilutive earnings (loss) per share - adjusted weighted average shares and assumed conversions	44.7			45.0

Net income (loss) per share - Basic and Diluted	$	(.10	)	$	.16

Anti-dilutive share equivalents related to share-based incentive compensation are excluded from the computation of dilutive weighted-average shares and were not material for all periods presented. Anti-dilutive share equivalents related to share-based incentive compensation consisted of 0.2 million and 0.1 million shares during the first quarters of 2019 and 2018.