Earnings Per Common Share

12 Months Ended

Dec. 31, 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.



	Year Ended December 31,
(in millions, except per common share amounts)	2019		2018		2017
Numerator:
Net income from continuing operations, net of loss attributable to non-controlling interests	$	190.9	$	118.3	$	182.3

Denominator:
Denominator for basic earnings per common share—weighted average shares	54.5		54.4		54.0
Effect of dilutive securities:
Employee stock-based compensation	0.9		0.7		0.7
Denominator for diluted earnings per common share—adjusted weighted average shares	55.4		55.1		54.7

Basic earnings per common share for continuing operations	$	3.50	$	2.17	$	3.37

Diluted earnings per common share for continuing operations	$	3.45	$	2.15	$	3.33

The Company excluded 1.1 million, 1.5 million and 1.3 million shares issuable upon exercise of outstanding stock options for the years ended December 31, 2019, 2018 and 2017, respectively, from the diluted earnings per common share computation because their exercise price was greater than the average market price of Tempur Sealy International’s common stock or they were otherwise anti-dilutive. Holders of non-vested stock-based compensation awards do not have voting rights or rights to receive any dividends thereon.