Earnings Per Common Share

9 Months Ended

Sep. 30, 2019

The following table sets forth the components of the numerator and denominator for the computation of basic and diluted earnings per share for net income attributable to Tempur Sealy International.



	Three Months Ended				Nine Months Ended
	September 30,				September 30,
(in millions, except per common share amounts)	2019		2018		2019		2018
Numerator:
Income from continuing operations, net of loss attributable to non-controlling interest	$	72.5	$	45.0	$	144.1	$	99.1

Denominator:
Denominator for basic earnings per common share-weighted average shares	54.6		54.5		54.7		54.4
Effect of dilutive securities:
Employee stock-based compensation	1.2		0.6		1.3		0.6
Denominator for diluted earnings per common share-adjusted weighted average shares	55.8		55.1		56.0		55.0

Basic earnings per common share for continuing operations	$	1.33	$	0.83	$	2.63	$	1.82

Diluted earnings per common share for continuing operations	$	1.30	$	0.82	$	2.57	$	1.80

The Company excludes shares issuable upon exercise of outstanding stock options from the diluted earnings per common share computation because their exercise price is greater than the average market price of Tempur Sealy International’s common stock or they are otherwise anti-dilutive.

The Company did not exclude any shares for the three months ended September 30, 2019 and excluded 1.4 million shares for the three months ended September 30, 2018. The Company excluded 1.1 million and 1.5 million shares for the nine months ended September 30, 2019 and 2018, respectively.