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Income from Continuing Operations Per Unrestricted Share
 9 Months Ended
Sep. 30, 2019
Earnings Per Share [Abstract]  
Income from Continuing Operations Per Unrestricted Share Income from Continuing Operations Per Unrestricted Share
The Company’s awards of deferred stock units contain rights to receive non-forfeitable dividend equivalents and participate in the undistributed earnings with common shareholders, as did the Company’s awards of restricted stock units and performance share units prior to 2018. Accordingly, the Company is required to apply the two-class method of computing basic and diluted earnings per share. A reconciliation of the numerator and denominator used in the calculation of Basic Income from Continuing Operations Per Unrestricted Share and Diluted Income from Continuing Operations Per Unrestricted Share for the nine and three months ended September 30, 2019 and 2018 is presented below.
 
 
Nine Months Ended
 
Three Months Ended
 
 
Sep 30,
2019
 
Sep 30,
2018
 
Sep 30,
2019
 
Sep 30,
2018
(Dollars in Millions)
 
 
 
 
 
 
 
 
Income from Continuing Operations
 
$
406.4

 
$
183.4

 
$
129.0

 
$
92.3

Less Income from Continuing Operations Attributed to Participating Awards
 
1.4

 
1.0

 
0.4

 
0.4

Income from Continuing Operations Attributed to Unrestricted Shares
 
405.0

 
182.4

 
128.6

 
91.9

Dilutive Effect on Income of Equity-based Compensation Equivalent Shares
 
—

 
—

 
—

 
—

Diluted Income from Continuing Operations Attributed to Unrestricted Shares
 
$
405.0

 
$
182.4

 
$
128.6

 
$
91.9

(Number of Shares in Thousands)
 
 
 
 
 
 
 
 
Weighted-average Unrestricted Shares Outstanding
 
65,621.8

 
55,925.7

 
66,622.4

 
64,580.4

Equity-based Compensation Equivalent Shares
 
719.4

 
569.8

 
585.3

 
769.1

Weighted-average Unrestricted Shares and Equivalent Shares Outstanding Assuming Dilution
 
66,341.2

 
56,495.5

 
67,207.7

 
65,349.5

(Per Unrestricted Share in Whole Dollars)
 
 
 
 
 
 
 
 
Basic Income from Continuing Operations Per Unrestricted Share
 
$
6.17

 
$
3.26

 
$
1.93

 
$
1.42

Diluted Income from Continuing Operations Per Unrestricted Share
 
$
6.10

 
$
3.23

 
$
1.91

 
$
1.40


The number of shares of Kemper common stock that were excluded from the calculations of Equity-based Compensation Equivalent Shares and Weighted-average Unrestricted Shares and Equivalent Shares Outstanding Assuming Dilution for the nine and three months ended September 30, 2019 and 2018, because the effect of inclusion would be anti-dilutive, is presented below.
 
 
Nine Months Ended
 
Three Months Ended
(Number of Shares in Thousands)
 
Sep 30,
2019
 
Sep 30,
2018
 
Sep 30,
2019
 
Sep 30,
2018
Equity-based Compensation Equivalent Shares
 
553.6

 
293.7

 
544.7

 
47.2

Weighted-average Unrestricted Shares and Equivalent Shares Outstanding Assuming Dilution
 
553.6

 
293.7

 
544.7

 
47.2