Earnings Per Share (“EPS”) (Tables)

9 Months Ended

Sep. 30, 2015

Earnings Per Share [Abstract]

Schedule of Reconciliation of Income from Continuing Operations and Computation of Earnings per Share

The following table provides a reconciliation of income from continuing operations to income from continuing operations available to A&B shareholders (in millions):

	Quarter Ended						Nine Months Ended
	September 30,						September 30,
	2015			2014			2015			2014
Income from continuing operations, net of tax	$	7.0		$	10.8		$	43.0		$	22.1
Less: Noncontrolling interest	(0.3		)	(0.6		)	(1.2		)	(2.0		)
Income from continuing operations attributable to A&B shareholders, net of tax	$	6.7		$	10.2		$	41.8		$	20.1
Less: Undistributed earnings allocated to redeemable noncontrolling interests	(1.3		)	—			(1.3		)	—
Income from continuing operations available to A&B shareholders, net of tax	$	5.4		$	10.2		$	40.5		$	20.1
Income from discontinued operations available to A&B shareholders, net of tax	—			—			—			34.3
Net income available to A&B shareholders	$	5.4		$	10.2		$	40.5		$	54.4

The number of shares used to compute basic and diluted EPS is as follows (in millions):

	Quarter Ended		Nine Months Ended
	September 30,		September 30,
	2015	2014	2015	2014
Denominator for basic EPS – weighted average shares	48.9	48.8	48.8	48.7
Effect of dilutive securities:
Employee/director stock options and restricted stock units	0.5	0.5	0.5	0.5
Denominator for diluted EPS – weighted average shares	49.4	49.3	49.3	49.2