Earnings Per Share

9 Months Ended

Sep. 30, 2016

NOTE 22. EARNINGS PER SHARE

Earnings per share (“EPS”) components may not add due to rounding.

The following table is a reconciliation of earnings to earnings attributable to common shares used in our basic and diluted EPS calculations for the three and nine month periods ended September 30, 2016 and 2015:

	Three Months Ended						Nine Months Ended
	September 30,						September 30,
	2016			2015			2016			2015
Earnings from continuing operations	$	55.9		$	19.7		$	65.4		$	40.5
Earnings allocated to participating non-vested share awards		(0.2	)		(0.2	)		(0.2	)		(0.4	)
Earnings from continuing operations attributable to common shares	$	55.7		$	19.5		$	65.2		$	40.1

The following table is a reconciliation of basic shares outstanding to diluted shares outstanding for the three and nine months ended September 30, 2016 and 2015 (shares in millions):

	Three Months Ended				Nine Months Ended
	September 30,				September 30,
	2016		2015		2016		2015
Basic shares outstanding		55.5		55.5		55.6		55.4
Dilutive effect of common stock equivalents		0.5		0.4		0.4		0.4
Diluted shares outstanding		56.0		55.9		56.0		55.8

Anti-dilutive stock options excluded from the computation of diluted EPS for the three and nine months ended September 30, 2016 were 468,281 and 690,715, respectively. Anti-dilutive stock options excluded from the computation of diluted EPS for the three and nine months ended September 30, 2015 were 8,175 and 73,169, respectively.