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BASIC AND DILUTED EARNINGS PER COMMON SHARE (Tables)
12 Months Ended
Dec. 31, 2012
Basis and Diluted Earnings Per Common Share - Components of Basic and Diluted Earnings Per Share

The components of basic and diluted earnings per share for each of the years ended December 31, 2012, 2011 and 2010 are as follows:

 

     Years Ended December 31,  
     2012 (a)      2011 (b)      2010 (c)  

Numerator:

        

Income from continuing operations

    $ 50.7        $ 52.8        $ 327.0   

Income from discontinued operations

     0.4         0.6         0.3   
  

 

 

    

 

 

    

 

 

 

Net income

    $ 51.1        $ 53.4        $ 327.3   
  

 

 

    

 

 

    

 

 

 

Denominator:

        

Weighted average common shares outstanding – Basic

     52,348,636         52,173,906         51,892,824   

Effect of dilutive restricted stock

     8,246         157,901         409,812   
  

 

 

    

 

 

    

 

 

 

Weighted average common shares outstanding – Diluted

     52,356,882         52,331,807         52,302,636   
  

 

 

    

 

 

    

 

 

 

Basic earnings per share:

        

Continuing operations

    $ 0.97        $ 1.01        $ 6.30   

Discontinued operations

     0.01         0.01         0.01   
  

 

 

    

 

 

    

 

 

 

Net income

    $ 0.98        $ 1.02        $ 6.31   
  

 

 

    

 

 

    

 

 

 

Diluted earnings per share:

        

Continuing operations

    $ 0.97        $ 1.01        $ 6.25   

Discontinued operations

     0.01         0.01         0.01   
  

 

 

    

 

 

    

 

 

 

Net income

    $ 0.98        $ 1.02        $ 6.26