XML 92 R18.htm IDEA: XBRL DOCUMENT v3.20.1
Earnings (Loss) Per Common Share
 3 Months Ended
Mar. 31, 2020
Earnings Per Share [Abstract]  
Earnings (Loss) Per Common Share NET INCOME PER COMMON SHARE
Basic earnings per common share excludes the dilutive impact of potentially dilutive securities and is computed by dividing net income by the weighted average number of common shares outstanding for the period. Diluted earnings per common share includes the effect of potential dilution from the hypothetical exercise of outstanding stock options and vesting of restricted shares and performance shares. A reconciliation of our basic and diluted earnings per common share is as follows:
 
 
Three Months Ended March 31,
(In millions, except per share data)
 
2020
 
2019
Net income to common shareholders
 
$
52.2

 
$
43.4

Basic weighted average shares outstanding
 
234.9

 
234.1

Diluted weighted average shares outstanding
 
235.9

 
236.6

Net income per common share:
 
 
 
 
Basic net income per share
 
$
0.22

 
$
0.19

Diluted net income per share
 
$
0.22

 
$
0.18

The number of anti-dilutive shares that have been excluded in the computation of diluted earnings per share for the three months ended March 31, 2020 and 2019 were 2.6 million and 2.9 million, respectively.