XML 26 R14.htm IDEA: XBRL DOCUMENT v3.7.0.1
Earnings Per Share
 6 Months Ended
Jun. 30, 2017
Earnings Per Share [Abstract]  
Earnings Per Share
Earnings Per Share
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 June 30,
 
2017

2016
 
Net Income

Weighted-Average
Shares
Outstanding

Net Income Per Common Share

Net Income

Weighted-Average
Shares
Outstanding

Net Income Per Common Share
Basic EPS (1)
$
6.9


46.3


$
0.15


$
16.3


46.3


$
0.35

Effect of dilutive common share equivalents:











Restricted stock units
—


—


—


—


0.1


—

Performance shares
—

 
0.1

 
—

 
—

 
0.1

 
—

Diluted EPS (1)
$
6.9


46.4


$
0.15


$
16.3


46.5


$
0.35

___________________________________________
(1)    Basic and diluted earnings per share are calculated based on unrounded actual amounts.

 
Six Months Ended June 30,
 
2017
 
2016
 
Net Income
 
Weighted-Average
Shares
Outstanding
 
Net Income Per Common Share
 
Net Income
 
Weighted-Average
Shares
Outstanding
 
Net Income Per Common Share
Basic EPS (1)
$
9.0

 
46.3

 
$
0.20

 
$
22.0

 
46.3

 
$
0.47

Effect of dilutive common share equivalents:

 

 

 

 

 

Restricted stock units
—

 
—

 
—

 
—

 
0.1

 
—

Performance shares
—

 
0.1

 
—

 
—

 
0.1

 
—

Diluted EPS (1)
$
9.0

 
46.4

 
$
0.20

 
$
22.0

 
46.5

 
$
0.47


___________________________________________
(1)    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 157,118 and 279,198, respectively, for the three and six months ended June 30, 2017 and 17,974 and 293,240, respectively, for the same periods in 2016.