EARNINGS PER SHARE

3 Months Ended

Mar. 31, 2020

EARNINGS PER SHARE

EARNINGS PER SHARE

3. EARNINGS PER SHARE

The following table sets forth the computation of basic and diluted net income per share of common stock:

	Three Months Ended March 31,
	2020		2019
	(in millions, except per share amounts)
Numerator:
Income from continuing operations	$	30.0	$	178.2
Loss from discontinued operations		—		(29.1)
Net income	$	30.0	$	149.1
Denominator:
Weighted average shares, basic		47.6		53.0
Weighted average effect of dilutive securities:
Net effect of dilutive stock options and unvested restricted stock		0.1		0.2
Denominator for diluted calculation		47.7		53.2
Basic income per share:
Income from continuing operations	$	0.63	$	3.36
Loss from discontinued operations	$	—	$	(0.55)
Net income per share	$	0.63	$	2.81
Diluted income per share:
Income from continuing operations	$	0.63	$	3.35
Loss from discontinued operations	$	—	$	(0.55)
Net income per share	$	0.63	$	2.80

For each of the three months ended March 31, 2020 and 2019, 0.3 million of restricted stock units, respectively, were excluded from the calculation of weighted average dilutive common shares as the effect would have been anti-dilutive.