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Earnings Per Share
 9 Months Ended
Sep. 30, 2016
Earnings Per Share [Abstract]  
Earnings Per Share
Earnings Per Share

We calculate basic earnings per share by dividing our net earnings by our weighted-average shares outstanding at the end of the period. The calculation for diluted earnings per share adjusts the weighted average shares outstanding for our dilutive unvested shares and stock units using the treasury stock method and for our convertible notes using the if-converted method. Our calculations for basic and dilutive earnings per share for the three and nine months ended September 30, 2016 and 2015 are as follows:

 
Three Months
 
Nine Months
(dollars in millions, except per share data, shares and stock units in thousands)
2016
 
2015
 
2016
 
2015
Basic and dilutive net income available to common shareholders
$
13.9

 
$
19.8

 
$
29.0

 
$
24.2

 
 
 
 
 
 
 
 
Basic weighted average shares outstanding
32,466

 
32,065

 
32,398

 
31,602

Effect of dilutive securities:
 
 
 
 
 
 
 
Unvested shares and stock units
728

 
556

 
517

 
646

Series B Notes
—

 
—

 
—

 
321

Dilutive weighted average shares outstanding
33,194

 
32,621

 
32,915

 
32,569

 
 
 
 
 
 
 
 
Basic earnings per share(a)
$
0.43

 
$
0.62

 
$
0.89

 
$
0.76

Diluted earnings per share(a)
$
0.42

 
$
0.61

 
$
0.88

 
$
0.74

(a) Earnings per share is based on unrounded figures and not the rounded figures presented.


At September 30, 2016 and 2015, our anti-dilutive unvested shares, options, and stock units were approximately 213,000 and 264,000, respectively.