Earnings per Share (Tables)

6 Months Ended

Jun. 30, 2023

Schedule of Reconciliation of Net Income and Share Data Used in Basic and Diluted Earnings Per Share Computations

The following table summarizes net income attributable to shareholders and reconciles basic and diluted shares outstanding used in the earnings per share computations:


	Three Months Ended June 30,				Six Months Ended June 30,
(In millions)	2023		2022		2023		2022


Net income attributable to shareholders	$	95.3	$	34.1	$	163.3	$	156.9

Weighted average common shares outstanding – Basic	42.9		44.8		43.0		44.9
Dilutive impact of share-based compensation awards1	0.5		0.3		0.5		0.4

Weighted average common shares outstanding – Diluted 2	43.4		45.1		43.5		45.2

1 For the three and six months ended June 30, 2023, 0.5 million of outstanding share-based compensation awards were excluded from the computation of diluted earnings per share under the treasury stock method, as the effect of including those shares would be anti-dilutive. During the three and six months ended June 30, 2022, 0.7 million and 0.6 million of outstanding share-based compensation awards, respectively, were excluded from the computation of diluted earnings per share under the treasury stock method, as the effect of including those shares would be anti-dilutive.

2 It is the Company’s current intention to settle all conversions of the Convertible Notes in shares of the Company’s common stock. Under the “if-converted” method, approximately 1.6 million shares of the Company’s common stock associated with the assumed conversion of the Convertible Notes as of the beginning of the period have been excluded from diluted shares outstanding for the three and six months ended June 30, 2023 and 2022 as the effect of including such shares would be anti-dilutive. For further information regarding the Convertible Notes, see Note 10, Financing and Other Debt.