Earnings Per Share (Tables)

3 Months Ended

Mar. 31, 2018

Component of income from continuing operations and share data used in basic and diluted earnings per share

The following reflects income from continuing operations and share data used in the basic and diluted earnings per share computations using the two-class method:



	Three Months Ended March 31,
(in millions except share and per share amounts)	2018			2017
Income from continuing operations	$	57.9		$	57.9
Less: dividends declared on common stock outstanding, restricted shares and restricted share units	(23.1		)	(22.7		)
Undistributed earnings	34.8			35.2
Percent allocated to common shareholders ⁽¹⁾	99.3		%	99.3		%
	34.5			34.9
Add: dividends declared on common stock	22.8			22.5
Income from continuing operations attributable to common shares	$	57.3		$	57.4

Shares (in thousands):
Weighted-average common shares outstanding	61,684			64,353
Effect of dilutive securities:
Performance awards	131			107
Stock options	349			388
Adjusted weighted-average common shares outstanding and assumed conversion	62,164			64,848

Per share income from continuing operations attributable to common shares:
Basic	$	0.93		$	0.89
Diluted	$	0.92		$	0.88

⁽¹⁾ Basic weighted-average common shares outstanding	61,684			64,353
Basic weighted-average common shares outstanding, unvested restricted shares expected to vest and restricted share units	62,117			64,822
Percent allocated to common shareholders	99.3		%	99.3		%

Component of income (loss) from discontinued operations and share data used in basic and diluted earnings per share

Income from discontinued operations and net income used in the basic and diluted earnings per share computations follows:



	Three Months Ended March 31,
(in millions except share amounts presented in thousands)	2018		2017
Income from discontinued operations attributable to common shareholders for basic and diluted earnings per share	$	250.0	$	3.9
Net income attributable to common shareholders for basic and diluted earnings per share	307.3		61.3
Anti-dilutive stock options excluded from EPS calculation ⁽¹⁾	564		210

⁽¹⁾

Represents stock options excluded from the calculation of diluted earnings per share, as such options’ assumed proceeds upon exercise would result in the repurchase of more shares than the underlying award.