Earnings Per Common Share

6 Months Ended

Jun. 30, 2022

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				Six Months Ended
	June 30,				June 30,
(in millions, except per common share amounts)	2022		2021		2022		2021
Numerator:
Net income from continuing operations, net of income attributable to non-controlling interests	$	90.6	$	141.1	$	221.3	$	271.8

Denominator:
Denominator for basic earnings per common share-weighted average shares	174.1		197.0		178.3		200.4
Effect of dilutive securities	4.7		7.1		5.4		4.5
Denominator for diluted earnings per common share-adjusted weighted average shares	178.8		204.1		183.7		204.9

Basic earnings per common share	$	0.52	$	0.72	$	1.24	$	1.36

Diluted earnings per common share	$	0.51	$	0.69	$	1.20	$	1.32

The Company excluded 0.4 million shares 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 for the three and six months ended June 30, 2022. The Company excluded an immaterial number of shares for the three and six months ended June 30, 2021. Holders of non-vested stock-based compensation awards do not have voting rights but do participate in dividends declared upon the award vesting.