Earnings Per Share (Tables)

6 Months Ended

Jun. 30, 2020

Schedule of calculation of pro forma basic and diluted earnings per share

The calculation of basic and diluted earnings per share of common stock is as follows (dollars in millions, except per share data):


	Three Months Ended June 30,						Six Months Ended June 30,
	2020		2019		2020		2019
Numerator:
Net income attributable to controlling interests	$	18.9	$	28.0	$	51.5	$	80.7
Less: Total income available to participating unvested securities⁽¹⁾	—		—		—		(0.1)
Total net income attributable to common stock	$	18.9	$	28.0	$	51.5	$	80.6
Denominator:
Weighted-average shares of common stock outstanding—basic	80,435,389		91,457,301		82,758,277		94,550,527
Potential shares of common stock:
Restricted stock units	13,735		38,332		15,814		118,948
Weighted-average shares of common stock outstanding—diluted	80,449,124		91,495,633		82,774,091		94,669,475
Earnings per share of common stock attributable to controlling interests:
Basic	$	0.23	$	0.31	$	0.62	$	0.85
Diluted	$	0.23	$	0.31	$	0.62	$	0.85

(1)Income available to participating unvested securities includes dividends paid on unvested restricted shares and their proportionate share of undistributed earnings.