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Earnings Per Share and Shareholders' Equity Transactions (Tables)
12 Months Ended
Dec. 31, 2022
Earnings Per Share [Abstract]  
Information Regarding Basic and Diluted Earnings Per Share

The following table provides weighted average share information used in the calculation of the Company’s basic and diluted earnings per share:

DECEMBER 31

 

2022

 

 

2021

 

 

2020

 

(in millions, except per share data)

 

 

 

 

 

 

 

 

 

Basic shares used in the calculation of earnings per share

 

 

35.6

 

 

 

35.9

 

 

 

37.7

 

Dilutive effect of securities:

 

 

 

 

 

 

 

 

 

Employee stock options

 

 

0.2

 

 

 

0.3

 

 

 

0.2

 

Non-vested stock grants

 

 

0.3

 

 

 

0.2

 

 

 

0.2

 

Diluted shares used in the calculation of earnings per share

 

 

36.1

 

 

 

36.4

 

 

 

38.1

 

Per share effect of dilutive securities on income from
   continuing operations

 

$

(0.05

)

 

$

(0.18

)

 

$

(0.11

)

Per share effect of dilutive securities on net income

 

$

(0.05

)

 

$

(0.18

)

 

$

(0.10

)