Earnings per share (Tables)

9 Months Ended

Jun. 30, 2020

The following table sets forth the computation of basic and diluted earnings per share for the quarters and nine months ended June 30, 2020 and 2019:


(in millions, except per share data)	For the Quarter Ended June 30,						For the Nine Months Ended June 30,
Basic earnings/(loss) per share	2020		2019		2020		2019
Net earnings from continuing operations	$	29.0	$	9.2	$	88.5	$	17.7
Mandatory preferred stock dividends	(4.0)		(4.4)		(12.1)		(7.7)
Net earnings from continuing operations attributable to common shareholders	25.0		4.8		76.4		10.0
Net earnings/(loss) from discontinued operations, net of tax	0.8		(1.8)		(130.3)		(12.8)
Net earnings/(loss) attributable to common shareholders	$	25.8	$	3.0	$	(53.9)	$	(2.8)

Weighted average common shares outstanding - Basic	68.5		69.6		68.9		65.5

Basic net earnings per common share from continuing operations	$	0.37	$	0.07	$	1.11	$	0.15
Basic net earnings/(loss) per common share from discontinued operations	0.01		(0.03)		(1.89)		(0.19)
Basic net earnings/(loss) per common share	$	0.38	$	0.04	$	(0.78)	$	(0.04)

Diluted earnings/(loss) per share




Weighted average common shares outstanding - Basic	68.5		69.6		68.9		65.5

Dilutive effect of restricted stock equivalents	0.1		0.3		0.1		0.3
Dilutive effect of performance shares	—		0.5		0.3		0.5
Dilutive effect of stock based deferred compensation plan	0.1		0.2		0.1		0.2

Weighted average common shares outstanding - Diluted	68.7		70.6		69.4		66.5

Diluted net earnings per common share from continuing operations	$	0.37	$	0.07	$	1.10	$	0.15
Diluted net earnings/(loss) per common share from discontinued operations	0.01		(0.03)		(1.88)		(0.19)
Diluted net earnings/(loss) per common share	$	0.38	$	0.04	$	(0.78)	$	(0.04)