Net Income per Common Share (Tables)

3 Months Ended

Mar. 31, 2022

Earnings Per Share [Abstract]

Schedule of Earnings Per Share, Basic and Diluted

The following table presents the computation of basic and diluted net income per share under the two-class method for the three months ended March 31, 2022 and 2021 (in millions, except for per share amounts):

	Three Months Ended March 31,
	2022		2021
Net income from continuing operations	$	21.8	$	5.5
Less: Undistributed net income available to participating securities	(0.1)		0.0
Numerator for basic net income per share:
Undistributed and distributed net income available to common shareholders	$	21.7	$	5.5
Add: Undistributed net income allocated to participating securities	0.1		0.0
Less: Undistributed net income reallocated to participating securities	(0.1)		0.0
Numerator for diluted net income per share:
Undistributed and distributed net income available to common shareholders	$	21.7	$	5.5
Denominator:
Weighted average shares outstanding for basic net income per share	37.9		37.7
Effect of dilutive securities	0.2		0.2
Weighted average shares outstanding for diluted net income per share	38.1		37.9
Net income per share from continuing operations:
Basic	$	0.57	$	0.15
Diluted	$	0.57	$	0.14
Net income from discontinued operations	$	0.2	$	9.7
Net income per share from discontinued operations:
Basic	$	0.01	$	0.26
Diluted	$	0.01	$	0.25
Net income per share:
Basic	$	0.58	$	0.41
Diluted	$	0.58	$	0.39
Potentially dilutive securities	0.1		0.2