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Income Per Common Share Computations
6 Months Ended
Jun. 30, 2018
Earnings Per Share [Abstract]  
Earnings Per Common Share Computations
The following is a reconciliation of the numerator and denominator of the net income per common share computations:
 
Three Months Ended June 30,
 
Six Months Ended June 30,
(in millions, except per share data)
2018
 
2017
 
2018
 
2017
Numerator for basic net income per common share:
 
 
 
 
 
 
 
Net income from continuing operations
$
103.2

 
$
72.7

 
$
117.3

 
$
74.9

Net loss from continuing operations allocated to participating securities

 

 

 
(0.1
)
Net (loss) income from discontinued operations
(0.1
)
 
5.6

 
167.8

 
10.7

Numerator for basic net income per common share
$
103.1

 
$
78.3

 
$
285.1

 
$
85.5

 
 
 
 
 
 
 
 
Numerator for diluted net income from continuing operations per common share
$
103.2

 
$
72.7

 
$
117.3

 
$
74.9

Numerator for diluted net income per common share:
$
103.1

 
$
78.3

 
$
285.1

 
$
85.6

 
 
 
 
 
 
 
 
Denominator for net income per common share:
 
 
 
 
 
 
 
Basic
13.5

 
16.1

 
14.0

 
16.2

Plus dilutive effect of stock awards
0.1

 
0.2

 
0.1

 
0.2

Plus dilutive effect of participating securities

 

 

 
0.1

Diluted
13.6

 
16.3

 
14.1

 
16.5

 
 
 
 
 
 
 
 
Net income (loss) per common share data:
 
 
 
 
 
 
 
Basic
 
 
 
 
 
 
 
Continuing operations
$
7.61

 
$
4.52

 
$
8.38

 
$
4.62

Discontinued operations
$
(0.01
)
 
$
0.34

 
$
11.98

 
$
0.65

Net income per common share - basic
$
7.60

 
$
4.86

 
$
20.36

 
$
5.27

 
 
 
 
 
 
 
 
Diluted
 
 
 
 
 
 
 
Continuing operations
$
7.57

 
$
4.47

 
$
8.34

 
$
4.53

Discontinued operations
$
(0.02
)
 
$
0.34

 
$
11.92

 
$
0.65

Net income per common share - diluted
$
7.55

 
$
4.81

 
$
20.26

 
$
5.18