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BASIC AND DILUTED EARNINGS PER COMMON SHARE
 6 Months Ended
Jun. 30, 2016
Earnings Per Share, Basic and Diluted [Abstract]  
BASIC AND DILUTED EARNINGS PER COMMON SHARE
BASIC AND DILUTED EARNINGS PER COMMON SHARE
Shares used in basic earnings per share are computed using the weighted average number of common shares outstanding during each period. Shares used in diluted earnings per share include the dilutive effect of unvested restricted stock under the Company’s Stock Plan using the treasury stock method. At June 30, 2016 and 2015, there were no outstanding stock options under the Company's Stock Plan.
For the three and six months ended June 30, 2016, there are 329,678 and 171,000 shares, respectively, of unvested restricted stock that could potentially dilute basic earnings per common share in the future that were excluded from the computation of diluted earnings per common share, as there effect would be anti-dilutive. No unvested restricted stock awards were excluded from the computation of diluted earnings per common share for the three and six months ended June 30, 2015.







The components of basic and diluted earnings per common share for the three and six months ended June 30, 2016 and 2015 were as follows:
 
Three Months Ended June 30,
 
Six Months Ended June 30,
 
2016
 
2015
 
2016
 
2015
Numerator:
 
 
 
 
 
 
 
Income from continuing operations, net of taxes
$
10.8

 
$
26.0

 
$
21.4

 
$
25.2

Loss from discontinued operations, net of taxes
(2.5
)
 
—

 
(2.1
)
 
(0.1
)
Net income
$
8.3

 
$
26.0

 
$
19.3

 
$
25.1

Denominator:
 
 
 
 
 
 
 
Weighted average common shares outstanding – Basic
52,515,869

 
52,440,580

 
52,499,141

 
52,413,552

Effect of dilutive restricted stock
76,499

 
169,225

 
121,925

 
174,316

Weighted average common shares outstanding – Diluted
52,592,368

 
52,609,805

 
52,621,066

 
52,587,868

Basic earnings per common share:
 
 
 
 
 
 
 
Continuing operations
$
0.21

 
$
0.50

 
$
0.41

 
$
0.48

Discontinued operations
(0.05
)
 
—

 
(0.04
)
 
—

Net income
$
0.16

 
$
0.50

 
$
0.37

 
$
0.48

Diluted earnings per common share:
 
 
 
 
 
 
 
Continuing operations
$
0.21

 
$
0.49

 
$
0.41

 
$
0.48

Discontinued operations
(0.05
)
 
—

 
(0.04
)
 
—

Net income
$
0.16

 
$
0.49

 
$
0.37

 
$
0.48