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Stockholders' Equity (Tables)
 3 Months Ended
Mar. 31, 2020
Equity [Abstract]  
Computation of Basic and Diluted Earnings Per Share
The following is a presentation of the numerators and denominators of the basic and diluted EPS computations for the three months ended March 31, 2020 and 2019:
 
Three Months Ended March 31,
 
2020
 
2019
Numerator used in basic and diluted EPS:
 
 
 
 
 
Net income
$
171.7

 
$
134.4

Denominator:
 
 
 
 
 
Weighted average number of common shares used in basic EPS
 
162,894,306

 
 
163,528,343

Effect of dilutive shares:
 
 
 
 

Potential common shares issuable from stock options and stock awards
 
2,829,814

 
 
3,016,602

Weighted average number of common shares and dilutive potential common shares used in diluted EPS
 
165,724,120

 
 
166,544,945
Summary of Accumulated Other Comprehensive Losses
The following is a summary of accumulated other comprehensive losses as of March 31, 2020 and December 31, 2019:
 
2020

2019
Foreign currency translation adjustment
$
(572.7
)
 
$
(400.1
)
Pension and postretirement adjustment, net of tax
 
(86.0
)
 
 
(86.8
)
Accumulated other comprehensive losses
$
(658.7
)
 
$
(486.9
)
Schedule of Amounts Recognized in Other Comprehensive Income (Loss)
The before tax and after tax amounts of other comprehensive (loss) income for the three months ended March 31, 2020 and 2019 are summarized below:

Before Tax

Tax (Expense) Benefit

After Tax
For the Three Months Ended March 31, 2020








Foreign currency translation adjustment
$
(172.6
)

$
—


$
(172.6
)
Pension and postretirement adjustment before reclassifications

2.1



(0.6
)


1.5

Amortization of net actuarial loss and prior service benefit reclassified from accumulated other comprehensive losses (1)

(1.0
)


0.3



(0.7
)
Pension and postretirement adjustment

1.1



(0.3
)


0.8

Total other comprehensive loss
$
(171.5
)

$
(0.3
)

$
(171.8
)
For the Three Months Ended March 31, 2019








Foreign currency translation adjustment
$
58.5


$
—


$
58.5

Pension and postretirement adjustment before reclassifications

2.8



(0.7
)


2.1

Amortization of net actuarial loss and prior service benefit reclassified from accumulated other comprehensive losses (1)

(1.3
)


0.3



(1.0
)
Pension and postretirement adjustment

1.5



(0.4
)


1.1

Total other comprehensive income
$
60.0


$
(0.4
)

$
59.6

_______________
(1) 
These accumulated other comprehensive loss components, before tax, are included under “Cost of revenues” and “Selling, general and administrative” in the accompanying condensed consolidated statements of operations. These components are also included in the computation of net periodic (benefit) cost (see Note 12. Pension and Postretirement Benefits for additional details).