Earnings per Share

12 Months Ended

Dec. 31, 2019

Earnings Per Share [Abstract]

Earnings per Share

Note 16—Earnings per Share

The following table reconciles the weighted-average common shares outstanding used in the calculation of basic EPS to the weighted-average common shares outstanding used in the calculation of diluted EPS for the years ended December 31, 2019, 2018 and 2017:

	For the year ended December 31,
(in millions)	2019	2018	2017
Determination of shares:
Weighted-average common shares outstanding	115.7	97.1	90.9
Assumed conversion of dilutive stock options	1.8	3.0	2.4
Assumed conversion of dilutive restricted stock awards	0.3	0.2	0.1
Diluted weighted-average common shares outstanding	117.8	100.3	93.4

Options to purchase 2,353,307, 656,588, and 51,803 shares were outstanding during the years ended December 31, 2019, 2018 and 2017, respectively, but were not included in the computation of diluted EPS because they were antidilutive.

The following table presents the calculation of basic and diluted EPS for the Company’s common stock for the years ended December 31, 2019, 2018 and 2017:

	For the year ended December 31,
(in millions, except per share data)	2019		2018		2017
Calculation of basic EPS:
Net income applicable to common stock	$	43.9	$	93.5	$	473.4
Weighted-average common shares outstanding	115.7		97.1		90.9
Basic EPS	$	0.38	$	0.96	$	5.21
Calculation of diluted EPS:
Net income applicable to common stock	43.9		93.5		473.4
Diluted weighted-average common shares outstanding	117.8		100.3		93.4
Diluted EPS	$	0.37	$	0.93	$	5.07