BASIC AND DILUTED EARNINGS PER COMMON SHARE

12 Months Ended

Dec. 31, 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 December 31, 2016, 2015 and 2014 there were no outstanding stock options under the Company's Stock Plan.

The components of basic and diluted earnings per common share for each 2016, 2015 and 2014 were as follows:

	Years Ended December 31,
	2016			2015			2014
Numerator:
(Loss) income from continuing operations, net of taxes	$	(17.0	)	$	59.3		$	39.6
(Loss) income from discontinued operations, net of taxes	(4.9		)	(3.2		)	1.3
Net (loss) income	$	(21.9	)	$	56.1		$	40.9
Denominator:
Weighted average common shares outstanding – Basic	52,504,196			52,431,193			52,359,897
Effect of dilutive restricted stock	—			160,352			64,042
Weighted average common shares outstanding – Diluted	52,504,196			52,591,545			52,423,939
Basic (loss) earnings per common share:
Continuing operations	$	(0.33	)	$	1.13		$	0.76
Discontinued operations	(0.09		)	(0.06		)	0.02
Net (loss) income	$	(0.42	)	$	1.07		$	0.78
Diluted (loss) earnings per common share:
Continuing operations	$	(0.33	)	$	1.13		$	0.76
Discontinued operations	(0.09		)	(0.06		)	0.02
Net (loss) income	$	(0.42	)	$	1.07		$	0.78
Unvested restricted stock awards under the Stock Plan (a)	109,481			—			—

^(a) These are outstanding common stock equivalents that were not included in the computation of diluted EPS because their inclusion would have had an anti-dilutive effect.