Earnings Per Share (Tables)

9 Months Ended

Sep. 30, 2013

Earnings Per Share

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

	Three Months Ended						Nine Months Ended
	September 30,						September 30,
(in millions except share amounts)	2013			2012			2013			2012
Numerator:
Income from continuing operations	$	76.6		$	69.7		$	140.1		$	219.2
Less: dividends declared - common stock outstanding, unvested restricted shares and restricted share units	(14.1		)	(12.6		)	(39.7		)	(35.1		)
Undistributed earnings	62.5			57.1			100.4			184.1
Percent allocated to common shareholders (1)	99.5		%	99.4		%	99.5		%	99.4		%
	62.2			56.8			99.9			183.0
Add: dividends declared - common stock	14.0			12.5			39.5			34.9
Numerator for basic and diluted EPS	$	76.2		$	69.3		$	139.4		$	217.9
Denominator (in thousands):
Denominator for basic EPS: weighted-average common shares outstanding	63,567			62,708			63,429			62,347
Effect of dilutive securities:
Performance awards	374			448			374			448
Stock options	949			790			911			725
Denominator for diluted EPS: adjusted weighted average common shares outstanding and assumed conversion	64,890			63,946			64,714			63,520
Per share income from continuing operations:
Basic	$	1.20		$	1.11		$	2.19		$	3.50
Diluted	$	1.18		$	1.08		$	2.16		$	3.43

(1) Basic weighted-average common shares outstanding	63,567		62,708		63,429		62,347
Basic weighted-average common shares outstanding, unvested restricted shares expected to vest and restricted share units	63,892		63,067		63,755		62,707
Percent allocated to common shareholders	99.5	%	99.4	%	99.5	%	99.4	%

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

	Three Months Ended					Nine Months Ended
	September 30,					September 30,
(in millions except share amounts)	2013		2012			2013			2012
Income (loss) from discontinued operations attributable to common shareholders for basic and diluted earnings per share	$	—	$	(0.2	)	$	(0.1	)	$	3.2
Net income attributable to common shareholders for basic and diluted earnings per share	$	76.2	$	69.1		$	139.3		$	221.1
Antidilutive stock options excluded from EPS calculation(2)	—		—			—			—

(2) Represents stock options excluded from the calculation of diluted earnings per share as such options had exercise prices in excess of the weighted-average market price of the Company’s common stock during these periods. Amounts in thousands.