Net Earnings Per Share

6 Months Ended

Jun. 30, 2024

NOTE 19. NET EARNINGS PER SHARE

The following table is a reconciliation of net earnings attributable to common shares used in our basic and diluted net Earnings Per Share (“EPS”) calculations for the three and six months ended June 30, 2024 and 2023. EPS components may not add due to rounding.


	Three Months Ended				Six Months Ended
	June 30,				June 30,
	2024		2023		2024		2023
Net earnings	$	65.9	$	60.2	$	125.8	$	107.5
(Earnings) allocated to participating vested share awards		-		-		-		(0.1	)
Net earnings attributable to common shares	$	65.9	$	60.2	$	125.8	$	107.4

The following table is a reconciliation of basic shares outstanding to diluted shares outstanding for the three and six months ended June 30, 2024 and 2023 (shares in millions):


	Three Months Ended				Six Months Ended
	June 30,				June 30,
	2024		2023		2024		2023
Basic shares outstanding		43.8		44.9		43.8		45.2
Dilutive effect of common stock equivalents		0.2		0.1		0.2		-
Diluted shares outstanding		44.0		45.0		44.0		45.2

There were no anti-dilutive stock awards excluded from the computation of dilutive EPS for the three months ended June 30, 2024. Anti-dilutive stock awards excluded from the computation of dilutive EPS for the six months ended June 30, 2024 were 17,426. Anti-dilutive stock awards excluded from the computation of dilutive EPS for the three and six months ended June 30, 2023 were 191,659 and 133,144, respectively.