Earnings per share (Tables)

3 Months Ended

Mar. 31, 2020

Summary of Computations of Basic and Diluted Earnings Per Share

The following table presents the basic and diluted earnings per share computations:


	Three months ended March 31,
(in millions, except per share data)	2020		2019
Numerator:
Net income (loss) from continuing operations	$	55.9	$	(70.0)
Net income from discontinued operations	—		6.1
Net income (loss)	$	55.9	$	(63.9)

Denominator:
Weighted average common shares outstanding – basic	168.8		149.2
Effect of dilutive securities: stock compensation plans	0.9		—
Weighted average common shares outstanding – diluted	169.7		149.2

Basic:
Basic income (loss) per common share from continuing operations	$	0.33	$	(0.47)
Basic income per common share from discontinued operations	—		0.04
Basic income (loss) per common share	$	0.33	$	(0.43)

Diluted:
Diluted income (loss) per common share from continuing operations	$	0.33	$	(0.47)
Diluted income per common share from discontinued operations	—		0.04
Diluted income (loss) per common share	$	0.33	$	(0.43)

The shares that were not included in the computation of diluted earnings per share for those periods because their inclusion would be anti-dilutive were as follows:


	Three months ended March 31,
(in millions, common shares)	2020	2019
Stock options	3.9	2.8
Restricted stock	1.2	0.7
Warrants	7.6	0.8