Earnings Per Share

12 Months Ended

Dec. 31, 2015

EARNINGS PER SHARE

Basic earnings per share (“EPS”) is computed by dividing net income by the weighted average number of common shares outstanding for the period. Diluted EPS reflects the assumed conversion of all dilutive securities.

The following table sets forth the computation of basic and diluted EPS utilizing income from continuing operations for the respective periods and our basic and dilutive shares outstanding:



(In millions, except per share data)	2015		2014		2013
Basic earnings per share:
Income from continuing operations	$	55.9	$	30.8	$	34.0
Weighted average number of shares outstanding	29.5		29.5		29.2
Basic earnings per share from continuing operations	$	1.90	$	1.04	$	1.16
Diluted earnings per share:
Income from continuing operations	$	55.9	$	30.8	$	34.0
Weighted average number of shares outstanding	29.5		29.5		29.2
Effect of dilutive securities:
Restricted stock units	0.3		0.4		0.5
Total shares and dilutive securities	29.8		29.9		29.7
Diluted earnings per share from continuing operations	$	1.88	$	1.03	$	1.15