Earnings Per Share

9 Months Ended

Sep. 30, 2021

Basic and diluted earnings per share are based on the weighted average number of shares of the Company's common stock and potential common stock outstanding during the period. Potential common stock, for purposes of determining diluted earnings per share, assumes the issuance of all potentially dilutive share equivalents using the if-converted or treasury stock method.

A computation of earnings per share from continuing operations and weighted average shares of the Company's common stock outstanding for the three and nine months ended September 30, 2021 and 2020 is as follows:


	Three Months Ended September 30,				Nine Months Ended September 30,
(dollars in millions, except per share amounts)	2021		2020		2021		2020
Net income from continuing operations	$	35.9	$	36.2	$	197.3	$	46.9
Net loss attributable to the non-controlling interests	0.1		—		0.1		—
Net income from continuing operations attributable to common stockholders	$	36.0	$	36.2	$	197.4	$	46.9






Basic weighted average common shares outstanding	247.6		248.9		247.5		249.4
Denominator adjustments for diluted EPS:
Number of shares issuable upon conversion of Series A Preferred Stock	—		—		—		0.4


Number of stock options and RSUs	0.4		0.2		0.5		0.3
Denominator adjustments for diluted EPS	0.4		0.2		0.5		0.7
Diluted weighted average common shares outstanding	248.0		249.1		248.0		250.1

Earnings per share from continuing operations attributable to common stockholders:
Basic	$	0.15	$	0.15	$	0.80	$	0.19
Diluted	$	0.15	$	0.15	$	0.79	$	0.19

For the three and nine months ended September 30, 2021 and 2020, the following securities were not included in the computation of diluted shares outstanding because either the effect would be anti-dilutive or performance targets were not yet met for awards contingent upon such measures:


	Three Months Ended September 30,		Nine Months Ended September 30,
(shares in millions)	2021	2020	2021	2020


Shares issuable upon vesting of RSUs and exercise of stock options	3.6	4.5	3.7	4.7