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Earnings Per Share and Shareholders' Equity Transactions (Tables)
12 Months Ended
Dec. 31, 2023
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

 

2023

 

 

2022

 

 

2021

 

(in millions, except per share data)

 

 

 

 

 

 

 

 

 

Basic shares used in the calculation of earnings per share

 

 

35.7

 

 

 

35.6

 

 

 

35.9

 

Dilutive effect of securities:

 

 

 

 

 

 

 

 

 

Employee stock options

 

 

0.1

 

 

 

0.2

 

 

 

0.3

 

Non-vested stock grants

 

 

0.3

 

 

 

0.3

 

 

 

0.2

 

Diluted shares used in the calculation of earnings per share

 

 

36.1

 

 

 

36.1

 

 

 

36.4

 

Per share effect of dilutive securities on income from
   continuing operations and net income

 

$

(0.01

)

 

$

(0.05

)

 

$

(0.18

)