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Earnings Per Share (Tables)
3 Months Ended
Mar. 31, 2015
Earnings Per Share  
Component of income from continuing operations and share data used in basic and diluted earnings per share

 

 

Three Months Ended March 31,

 

(in millions except share and per share amounts)

 

2015

 

2014

 

Numerator:

 

 

 

 

 

 

 

 

 

 

 

Income from continuing operations

 

$

39.5

 

$

36.5

 

Less: dividends declared - common stock outstanding, restricted shares and restricted share units

 

(16.7

)

(14.2

)

Undistributed earnings

 

22.8

 

22.3

 

Percent allocated to common shareholders (1)

 

99.5

%

99.5

%

 

 

22.7

 

22.2

 

Add: dividends declared - common stock

 

16.2

 

14.1

 

Numerator for basic and diluted EPS

 

$

38.9

 

$

36.3

 

 

 

 

 

 

 

Denominator (in thousands):

 

 

 

 

 

Denominator for basic EPS: weighted-average common shares outstanding

 

64,876

 

63,878

 

Effect of dilutive securities:

 

 

 

 

 

Performance awards

 

220

 

280

 

Stock options

 

800

 

931

 

Denominator for diluted EPS: adjusted weighted-average common shares outstanding and assumed conversion

 

65,896

 

65,089

 

 

 

 

 

 

 

Per share income from continuing operations:

 

 

 

 

 

Basic

 

$

0.60

 

$

0.57

 

Diluted

 

$

0.59

 

$

0.56

 

 

 

 

 

 

 

 

(1)Basic weighted-average common shares outstanding

 

64,876 

 

63,878 

 

Basic weighted-average common shares outstanding, unvested restricted shares expected to vest and restricted share units

 

65,210 

 

64,189 

 

Percent allocated to common shareholders

 

99.5 

%

99.5 

%

 

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

 

 

 

Three Months Ended March 31,

 

(in millions)

 

2015

 

2014

 

 

 

 

 

 

 

Loss from discontinued operations attributable to common shareholders for basic and diluted earnings per share

 

$

(0.1

)

$

(0.7

)

 

 

 

 

 

 

Net income attributable to common shareholders for basic and diluted earnings per share

 

$

38.8

 

$

35.6