Earnings Per Share

9 Months Ended

Sep. 30, 2020

Basic earnings per share represents income available to common stockholders divided by the weighted-average number of common shares outstanding during the reported period. Diluted earnings per share reflects the effect of the increase in shares outstanding determined by using the treasury stock method for awards issued under our incentive stock plans.

As of September 30, 2020 and September 30, 2019, there were 1.3 million and 1.1 million contingently-issuable performance-based stock awards outstanding that were excluded from the diluted earnings per share calculation, respectively, because the contingencies had not been met.

Basic and diluted weighted average shares outstanding and earnings per share were as follows:


	Three Months Ended September 30,						Nine Months Ended September 30,
(in millions, except per share data)	2020		2019		2020		2019
Income from continuing operations	$	106.7	$	88.3	$	251.0	$	270.2
Less: net (income) loss from continuing operations attributable to noncontrolling interests	(3.9)		3.4		(9.5)		(1.5)
Income from continuing operations attributable to TransUnion	102.8		91.7		241.5		268.7
Discontinued operations, net of tax	—		—		—		(4.6)
Net income attributable to TransUnion	$	102.8	$	91.7	$	241.5	$	264.1

Basic earnings per common share from:
Income from continuing operations attributable to TransUnion	$	0.54	$	0.49	$	1.27	$	1.43
Discontinued operations, net of tax	—		—		—		(0.02)
Net Income attributable to TransUnion	$	0.54	$	0.49	$	1.27	$	1.41
Diluted earnings per common share from:
Income from continuing operations attributable to TransUnion	$	0.53	$	0.48	$	1.26	$	1.40
Discontinued operations, net of tax	—		—		—		(0.02)
Net Income attributable to TransUnion	$	0.53	$	0.48	$	1.26	$	1.38
Weighted-average shares outstanding:
Basic	190.2		188.2		189.8		187.5
Dilutive impact of stock based awards	2.1		3.8		2.3		4.1
Diluted	192.3		192.0		192.1		191.6

Anti-dilutive weighted stock-based awards outstanding	0.1		0.1		0.3		0.2