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Earnings Per Share (Tables)
9 Months Ended
Sep. 30, 2019
Earnings Per Share [Abstract]  
Reconciliation of Earnings to Earnings Attributable to Common Shares Used in Basic and Diluted Calculation

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 months ended September 30, 2019 and 2018. Earnings per share (“EPS”) components may not add due to rounding. 

 

 

 

Three Months Ended

 

 

Nine Months Ended

 

 

 

September 30,

 

 

September 30,

 

 

 

2019

 

 

2018

 

 

2019

 

 

2018

 

Earnings from continuing operations

 

$

90.7

 

 

$

64.2

 

 

$

190.8

 

 

$

153.0

 

Earnings allocated to participating non-vested share awards

 

 

(0.2

)

 

 

(0.2

)

 

 

(0.4

)

 

 

(0.5

)

Earnings from continuing operations attributable to common shares

 

$

90.5

 

 

$

64.0

 

 

$

190.4

 

 

$

152.5

 

Reconciliation of Basic Shares Outstanding to Diluted Shares Outstanding

The following table is a reconciliation of basic shares outstanding to diluted shares outstanding for the three and nine months ended September 30, 2019 and 2018 (shares in millions):

 

 

 

Three Months Ended

 

 

Nine Months Ended

 

 

 

September 30,

 

 

September 30,

 

 

 

2019

 

 

2018

 

 

2019

 

 

2018

 

Basic shares outstanding

 

 

48.7

 

 

 

50.7

 

 

 

48.8

 

 

 

51.9

 

Dilutive effect of common stock equivalents

 

 

0.8

 

 

 

1.2

 

 

 

0.8

 

 

 

0.9

 

Diluted shares outstanding

 

 

49.5

 

 

 

51.9

 

 

 

49.6

 

 

 

52.8