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Earnings Per Common Share (Tables)
6 Months Ended
Jun. 30, 2011
Earnings Per Share [Abstract]  
Schedule of Calculation of Numerator and Denominator in Earnings Per Share
The following table shows the computation of the basic and diluted EPS:
 
 
Three Months Ended
 
Six Months Ended
 
June 30,
 
June 30,
(in millions, except per share amounts)
2011
 
2010
 
2011
 
2010
Numerator:
 
 
 
 
 
 
 
Net income
$
13.5


 
$
9.6


 
$
31.4


 
$
32.4


Preferred stock dividends
2.6


 
2.6


 
5.2


 
5.2


Income available to common shareholders - basic and diluted
$
10.9


 
$
7.0


 
$
26.2


 
$
27.2


Denominator:
 
 
 
 
 
 
 
Weighted average common shares outstanding - basic
198.0


 
201.0


 
197.9


 
200.9


Warrants
0.2


 
1.6


 
0.1


 
1.3


Stock-based compensation arrangements
2.8


 
3.1


 
2.7


 
3.0


Weighted average common shares outstanding - diluted
201.0


 
205.7


 
200.7


 
205.2


Basic earnings per common share
$
0.06


 
$
0.03


 
$
0.13


 
$
0.14


Diluted earnings per common share
$
0.05


 
$
0.03


 
$
0.13


 
$
0.13