EARNINGS PER SHARE ("EPS")

9 Months Ended

Sep. 30, 2014

EARNINGS PER SHARE ("EPS")

EARNINGS PER SHARE ("EPS")

8.EARNINGS PER SHARE

The number of shares used to compute basic and diluted earnings per share for the three and nine-month periods ended September 30, 2014 and 2013, is as follows (in millions, except per share data):

	Three-Months Ended September 30, 2014					Three-Months Ended September 30, 2013
			Weighted	Per				Weighted	Per
			Average	Common				Average	Common
	Net		Common	Share		Net		Common	Share
	Income		Shares	Amount		Income		Shares	Amount
Basic:	$	21.5	43.0	$	0.50	$	17.2	42.8	$	0.40
Effect of dilutive restricted stock units and stock options			0.4	—				0.5	—
Diluted:	$	21.5	43.4	$	0.50	$	17.2	43.3	$	0.40

	Nine-Months Ended September 30, 2014					Nine-Months Ended September 30, 2013
			Weighted	Per				Weighted	Per
			Average	Common				Average	Common
	Net		Common	Share		Net		Common	Share
	Income		Shares	Amount		Income		Shares	Amount
Basic:	$	43.0	43.0	$	1.00	$	46.4	42.7	$	1.09
Effect of dilutive restricted stock units and stock options			0.3	—				0.4	—
Diluted:	$	43.0	43.3	$	1.00	$	46.4	43.1	$	1.08

Basic earnings per share are determined by dividing net income by the weighted-average common shares outstanding during the period.  The calculation of diluted earnings per share includes the dilutive effect of unexercised non-qualified stock options and non-vested restricted stock units.

The computation of weighted average dilutive shares outstanding excludes certain non-qualified stock options to purchase shares of common stock where the options’ exercise prices were greater than the average market price of the Company’s common stock for the periods presented and, therefore, the effect would be anti-dilutive.