Earnings Per Share

3 Months Ended

Mar. 31, 2017

A reconciliation of income from continuing operations for basic and diluted income per share is set forth below (in millions):



	Three months ended March 31,
	2017			2016
Income from continuing operations	$	10.3		$	122.8
Income from continuing operations allocated to non-vested share awards	(0.9		)	—
Income from continuing operations available to shareholders	$	9.4		$	122.8

A reconciliation of shares for basic and diluted income per share is set forth below (in millions):



	Three months ended March 31,
	2017	2016
Average common shares outstanding	125.7	125.0
Effect of dilutive securities - share-based compensation	1.7	0.8
Average shares for diluted computations	127.4	125.8

Share options, share appreciation rights, nonvested restricted stock, performance units (“P-Units”) and restricted share units granted under share-based compensation plans are anti-dilutive and excluded from diluted earnings per share when the hypothetical number of shares that could be repurchased under the treasury stock method exceeds the number of shares that can be exercised, or when the Company reports a net loss from continuing operations. Anti-dilutive shares, which could potentially dilute earnings per share in the future, are set forth below (in millions):



	Three months ended March 31,
	2017	2016
Share options and appreciation rights	1.5	1.7
Nonvested restricted shares and restricted share units	1.4	2.2
Total potentially dilutive shares	2.9	3.9