Income Per Share

3 Months Ended

Feb. 28, 2013

Earnings Per Share [Abstract]

Income Per Share

Income Per Share

The following table sets forth the computation of earnings per common share and fully diluted earnings per common share as calculated under the two-class method:

	Three Months Ended
(Dollars in millions)	February 28, 2013			February 29, 2012
Basic Earnings Per Share:
Income from continuing operations	$	.2		$	10.7
Income from continuing operations allocated to participating securities	—			.4
Income from continuing operations allocated to common stockholders	$	.2		$	10.3
(Loss) income from discontinued operations	$	(.4	)	$	2.8
Income from discontinued operations allocated to participating securities	—			—
(Loss) income from discontinued operations allocated to common stockholders	$	(.4	)	$	2.8
Net (loss) income	$	(.2	)	$	13.5
Net income allocated to participating securities	—			.4
Net (loss) income allocated to common stockholders	$	(.2	)	$	13.1
Weighted-average common shares outstanding – basic	46.1			45.9
Income from continuing operations per common share – basic	$	—		$	.23
Income from discontinued operations per common share – basic	$	—		$	.06
Net income per common share – basic	$	—		$	.29

	Three Months Ended
(Dollars in millions)	February 28, 2013			February 29, 2012
Diluted Earnings Per Share:
Income from continuing operations	$	.2		$	10.7
Income from continuing operations allocated to participating securities	—			.4
Income from continuing operations allocated to common stockholders	$	.2		$	10.3
(Loss) income from discontinued operations	$	(.4	)	$	2.8
Income from discontinued operations allocated to participating securities	—			—
(Loss) income from discontinued operations allocated to common stockholders	$	(.4	)	$	2.8
Net (loss) income	$	(.2	)	$	13.5
Net income allocated to participating securities	—			.4
Net (loss) income allocated to common stockholders	$	(.2	)	$	13.1
Weighted-average common shares outstanding – basic	46.1			45.9
Dilutive effect of stock options	.6			.1
Weighted-average common shares outstanding – assuming dilution	46.7			46.0
Income from continuing operations per common share – assuming dilution	$	—		$	.23
Income from discontinued operations per common share – assuming dilution	$	—		$	.06
Net income per common share – assuming dilution	$	—		$	.29

Note F – Income Per Share (Continued)

The following table reconciles the weighted average common shares used in the basic and diluted earnings per share disclosures to the total weighted-average shares outstanding (in millions): 

	Three Months Ended
	February 28, 2013	February 29, 2012
Weighted-average common shares outstanding	46.0	44.7
Weighted-average participating shares outstanding	.1	1.2
Total weighted-average shares outstanding—basic	46.1	45.9
Dilutive effect of stock options	.6	.1
Total weighted-average shares outstanding—assuming dilution	46.7	46.0

Options to purchase common stock and restricted shares of the Company totaling .1 million and 1.1 million during the first quarters of 2013 and 2012 respectively, were not included in the computation of dilutive per share amounts as they would have had an anti-dilutive effect.