Earnings Per Share (“EPS”) (Tables)

9 Months Ended

Sep. 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 September 30,				Nine Months Ended September 30,
	2020		2019		2020		2019
Income (loss) from continuing operations	$	3.2	$	(50.8)	$	4.9	$	(42.6)
Exclude: (Income) loss attributable to noncontrolling interest	(0.2)		1.1		0.4		1.8
Income (loss) from continuing operations attributable to A&B shareholders	3.0		(49.7)		5.3		(40.8)


Distributions and allocations to participating securities	—		—		—		—
Income (loss) from continuing operations available to A&B common shareholders	3.0		(49.7)		5.3		(40.8)
Income (loss) from discontinued operations available to A&B common shareholders	—		(0.1)		(0.8)		(0.8)
Net income (loss) available to A&B common shareholders	$	3.0	$	(49.8)	$	4.5	$	(41.6)

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


	Three Months Ended September 30,		Nine Months Ended September 30,
	2020	2019	2020	2019
Denominator for basic EPS - weighted average shares outstanding	72.4	72.3	72.3	72.2
Effect of dilutive securities:
Stock options and restricted stock unit awards	—	—	0.1	—

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