Earnings Per Share (“EPS”) (Tables)

6 Months Ended

Jun. 30, 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 common shareholders and net income (loss) available to A&B common shareholders (in millions):


	Three Months Ended June 30,						Six Months Ended June 30,
	2020		2019		2020		2019
Income (loss) from continuing operations	$	(4.1)	$	(1.3)	$	1.7	$	8.2
Exclude: (Income) loss attributable to noncontrolling interest	—		0.4		0.6		0.7
Income (loss) from continuing operations attributable to A&B shareholders	(4.1)		(0.9)		2.3		8.9


Distributions and allocations to participating securities	—		—		—		—
Income (loss) from continuing operations available to A&B common shareholders	(4.1)		(0.9)		2.3		8.9
Income (loss) from discontinued operations available to A&B common shareholders	(0.6)		0.1		(0.8)		(0.7)
Net income (loss) available to A&B common shareholders	$	(4.7)	$	(0.8)	$	1.5	$	8.2

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


	Three Months Ended June 30,			Six Months Ended June 30,
	2020	2019	2020	2019
Denominator for basic EPS - weighted average shares outstanding	72.3	72.2	72.3	72.1
Effect of dilutive securities:
Stock options and restricted stock unit awards	—	—	0.1	0.4

Denominator for diluted EPS - weighted average shares outstanding	72.3	72.2	72.4	72.5