Earnings per share

6 Months Ended

Jun. 30, 2020

11. Earnings per share

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


	Three months ended June 30,						Six months ended June 30,
(in millions, except per share data)	2020		2019		2020		2019
Numerator:
Net income (loss) from continuing operations	$	1.8	$	17.0	$	57.7	$	(53.0)
Net (loss) income from discontinued operations	—		(0.7)		—		5.4
Net income (loss)	$	1.8	$	16.3	$	57.7	$	(47.6)

Denominator:
Weighted average common shares outstanding – basic	168.9		169.8		168.8		159.5
Effect of dilutive securities: stock compensation plans	0.7		0.9		0.8		—
Weighted average common shares outstanding – diluted	169.6		170.7		169.6		159.5

Basic:
Basic income (loss) per common share from continuing operations	$	0.01	$	0.10	$	0.34	$	(0.33)
Basic income per common share from discontinued operations	—		—		—		0.03
Basic income (loss) per common share ⁽¹⁾	$	0.01	$	0.10	$	0.34	$	(0.30)

Diluted:
Diluted income (loss) per common share from continuing operations	$	0.01	$	0.10	$	0.34	$	(0.33)
Diluted income per common share from discontinued operations	—		—		—		0.03
Diluted income (loss) per common share ⁽¹⁾	$	0.01	$	0.10	$	0.34	$	(0.30)

(1)As a result of changes in the number of shares outstanding during the year and rounding, the sum of the quarter's earnings per share may not equal the earnings per share for any year-to-date period.

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 June 30,			Six months ended June 30,
(in millions, common shares)	2020	2019	2020	2019
Stock options	4.7	2.9	4.4	3.0
Restricted stock	0.5	—	0.4	0.8
Warrants	7.6	7.6	7.6	5.1