Earnings Per Share

9 Months Ended

Sep. 30, 2016

The following table sets forth the computation of basic and diluted net income per common share (dollars and shares in millions, except per share amounts):



	Three Months Ended September 30,
	2016					2015
	Net Income		Weighted-Average Shares Outstanding	Net Income Per Common Share		Net Income		Weighted-Average Shares Outstanding	Net Income Per Common Share
Basic EPS	$	13.5	46.3	$	0.29	$	15.1	46.2	$	0.33
Effect of dilutive common share equivalents:
Restricted stock units	—		0.1	—		—		0.2	—
Performance shares	—		0.1	—		—		0.2	—
Diluted EPS	$	13.5	46.5	$	0.29	$	15.1	46.6	$	0.33

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Note: Basic and diluted earnings per share are calculated based on unrounded actual amounts.



	Nine Months Ended September 30,
	2016						2015
	Net Income		Weighted-Average Shares Outstanding	Net Income Per Common Share			Net Income		Weighted-Average Shares Outstanding	Net Income Per Common Share
Basic EPS	$	35.5	46.3	$	0.77		$	33.8	46.2	$	0.73
Effect of dilutive common share equivalents:
Restricted stock units	—		0.1	(0.01		)	—		0.2	—
Performance shares	—		0.1	—			—		0.2	—
Diluted EPS	$	35.5	46.5	$	0.76		$	33.8	46.6	$	0.73

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Note: Basic and diluted earnings per share are calculated based on unrounded actual amounts.

The number of unvested common shares that were not included in the computation of diluted earnings per share because the effect would have been anti-dilutive were 6,457 and 308,195, respectively, for the three and nine months ended September 30, 2016 and zero and 149,348, respectively, for the same periods in 2015.