Earnings (Loss) Per Share

6 Months Ended

May 31, 2019

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



	Three Months Ended May 31,				Six Months Ended May 31,
	2019		2018		2019		2018
	(Dollars and shares in millions, except per share data)
Numerator:
Net income (loss)	$	5.6	$	8.4	$	1.0	$	15.7

Denominator:
Denominator for basic earnings (loss) per share - weighted average shares outstanding	44.8		44.6		44.7		44.6
Effect of dilutive securities	.8		.3		.9		.3
Denominator for dilutive earnings (loss) per share - adjusted weighted average shares and assumed conversions	45.6		44.9		45.6		44.9

Net income (loss) per share - Basic	$	.13	$	.19	$	.02	$	.35

Net income (loss) per share - Diluted	$	.12	$	.19	$	.02	$	.35

There are no anti-dilutive securities for the periods presented.