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Selected Quarterly Financial Data
12 Months Ended
Dec. 31, 2019
Quarterly Financial Information Disclosure [Abstract]  
Selected Quarterly Financial Data (unaudited)
The following is a summary of the quarterly results of operations of the Company for the years ended December 31, 2019 and 2018 ($ in millions, unless otherwise noted):
 
2019
 
First Quarter
 
Second Quarter
 
Third Quarter
 
Fourth Quarter
Revenue
$
207.2

 
$
207.1

 
$
197.8

 
$
207.4

Operating income
68.0

 
46.6

 
51.9

 
83.8

Income from continuing operations before income taxes
82.7

 
35.7

 
51.0

 
88.6

Net income
61.1

 
21.6

 
83.0

 
74.3

Net income attributable to controlling interests
52.7

 
28.0

 
75.4

 
67.8

Basic earnings per share ($)
$
0.54

 
$
0.31

 
$
0.84

 
$
0.79

Diluted earnings per share ($)
$
0.54

 
$
0.31

 
$
0.84

 
$
0.79

Basic shares outstanding (in millions)
97.6

 
91.5

 
90.0

 
85.9

Diluted shares outstanding (in millions)
97.8

 
91.5

 
90.0

 
85.9

 
2018
 
First Quarter
 
Second Quarter
 
Third Quarter
 
Fourth Quarter
Revenue
$
249.7

 
$
233.9

 
$
230.1

 
$
214.5

Operating income
25.6

 
15.3

 
13.3

 
29.6

Income from continuing operations before income taxes
83.5

 
6.1

 
10.7

 
34.9

Net income (loss)
54.8

 
2.5

 
54.2

 
18.8

Net income (loss) attributable to controlling interests
57.3

 
2.1

 
54.0

 
23.0

Basic earnings (loss) per share ($)
$
0.52

 
$
0.02

 
$
0.51

 
$
0.22

Diluted earnings (loss) per share ($)
$
0.52

 
$
0.02

 
$
0.51

 
$
0.22

Basic shares outstanding (in millions)
109.4

 
108.4

 
106.4

 
105.6

Diluted shares outstanding (in millions)
109.6

 
108.6

 
106.5

 
105.8