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Earnings Per Share
 3 Months Ended
Mar. 31, 2017
Earnings Per Share [Abstract]  
Earnings Per Share

NOTE 19. 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 months ended March 31, 2017 and 2016:

 

 

 

Three Months Ended

 

 

 

March 31,

 

 

 

2017

 

 

2016

 

Earnings (loss) from continuing operations

 

$

30.8

 

 

$

(7.1

)

Earnings allocated to participating non-vested share awards

 

 

(0.1

)

 

 

(0.2

)

Earnings (loss) from continuing operations attributable to

   common shares

 

$

30.7

 

 

$

(7.3

)

 

The following table is a reconciliation of basic shares outstanding to diluted shares outstanding for the three months ended March 31, 2017 and 2016 (shares in millions):

 

 

 

Three Months Ended

 

 

 

March 31,

 

 

 

2017

 

 

2016

 

Basic shares outstanding

 

 

54.1

 

 

 

55.6

 

Dilutive effect of common stock equivalents

 

 

0.4

 

 

 

-

 

Diluted shares outstanding

 

 

54.5

 

 

 

55.6

 

 

Anti-dilutive stock options excluded from the computation of diluted EPS for the three months ended March 31, 2017 were 586,841.  For the three months ended March 31, 2016, all common stock equivalents were excluded from dilutive EPS because their effect would have been anti-dilutive due to the net loss for the period.