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Earnings Per Share (Tables)
6 Months Ended 12 Months Ended
Jun. 30, 2016
Dec. 31, 2015
Earnings Per Share [Abstract]    
Schedule of Computation of Basic and Diluted Earning (Loss) Per Share  

The following table sets forth the computation of basic and diluted (loss)/earnings per share for the year ended 2015, 2014, and 2013, respectively.

 

(in millions, except per share data)

  2015     2014     2013  

Net earnings

  $ 157.1      $ 159.8      $ 146.1   

Basic and diluted average shares outstanding

    137,016,712        137,016,712        137,016,712   

Basic and diluted (loss)/earnings per common share

  $ 1.15      $ 1.17      $ 1.07   
Earnings Per Share

The following is a reconciliation of the average shares outstanding used to compute basic and diluted earnings per share.

 

     Three Months Ended
June 30,
     Six Months Ended
June 30,
 
     2016      2015      2016      2015  

Basic weighted average common shares outstanding

     137,131,572         137,016,712         137,105,290         137,016,712   

Effect of dilutive securities

     1,242,807         —           1,250,923         —     
  

 

 

    

 

 

    

 

 

    

 

 

 

Diluted weighted average common shares outstanding

     138,374,379         137,016,712         138,356,213         137,016,712