Earnings Per Share (“EPS”) (Tables)

3 Months Ended

Mar. 31, 2020

Schedule of Reconciliation of Income and Computation of Earnings per Share

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


	Three Months Ended March 31,
	2020		2019
Income (loss) from continuing operations	$	5.8	$	9.5
Exclude: (Income) loss attributable to noncontrolling interest	0.6		0.3
Income (loss) from continuing operations attributable to A&B shareholders	6.4		9.8


Distributions and allocations to participating securities	—		—
Income (loss) from continuing operations available to A&B common shareholders	6.4		9.8
Income (loss) from discontinued operations available to A&B common shareholders	(0.2)		(0.8)
Net income (loss) available to A&B common shareholders	$	6.2	$	9.0

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


	Three Months Ended March 31,
	2020	2019
Denominator for basic EPS - weighted average shares outstanding	72.3	72.1
Effect of dilutive securities:
Stock options and restricted stock unit awards	0.2	0.4

Denominator for diluted EPS - weighted average shares outstanding	72.5	72.5