Earnings Per Share (Tables)

3 Months Ended

Mar. 31, 2020

The following table sets forth a reconciliation of the numerators and denominators used in calculating basic and diluted earnings (loss) per share:


	Three Months Ended March 31,
(In millions, except per share amounts)	2020		2019
Numerators
Income from continuing operations attributable to GCP shareholders	$	1.4	$	14.6
(Loss) income from discontinued operations, net of income taxes	(0.3)		6.8
Net income attributable to GCP shareholders	$	1.1	$	21.4
Denominators
Weighted average common shares—basic calculation	72.9		72.3
Dilutive effect of employee stock awards⁽²⁾	0.1		0.5
Weighted average common shares—diluted calculation	73.0		72.8
Basic earnings (loss) per share:
Income from continuing operations attributable to GCP shareholders	$	0.02	$	0.20
(Loss) income from discontinued operations, net of income taxes	$	—	$	0.09
Net income attributable to GCP shareholders⁽¹⁾	$	0.02	$	0.30
Diluted earnings (loss) per share:⁽²⁾
Income from continuing operations attributable to GCP shareholders	$	0.02	$	0.20
(Loss) income from discontinued operations, net of income taxes	$	—	$	0.09
Net income attributable to GCP shareholders⁽¹⁾	$	0.02	$	0.29

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⁽¹⁾Amounts may not sum due to rounding.

⁽²⁾Dilutive effect is only applicable to the periods during which GCP generated net income from continuing operations.