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Earnings per share ("EPS")
 12 Months Ended
Dec. 31, 2019
Earnings per share ("EPS")  
Earnings per share ("EPS")

Note 20 – Earnings per share (“EPS”)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 
2019

  

 
2018

  

 

    

 

 

    

Shares

    

 

Per Share

 

 

 

    

Shares

    

 

Per Share

 

 

 

 

Net income

 

(in millions)

 

 

Amount

 

 

Net income

 

(in millions)

 

 

Amount

 

Basic EPS

 

 

$

344.1

 

187.7

 

 

$

1.83

 

 

$

139.0

 

186.1

 

 

$

0.75

 

Effect of dilutive securities

 

 

 

—

 

0.3

 

 

 

 —

 

 

 

—

 

0.3

 

 

 

 —

 

Diluted EPS

 

 

$

344.1

 

188.0

 

 

$

1.83

 

 

$

139.0

 

186.4

 

 

$

0.75

 

 

For the year ended December 31, 2019, a weighted average of 6,034 stock options (2018 – 103,893 stock options) was excluded in the computation of diluted EPS due to the strike price exceeding the average share price during the year. Further, a weighted average of 1,143 time-based RSUs (2018 – 17,523 stock options and 1,400 time-based RSUs) was excluded due to being anti-dilutive. RSUs totaling 65,972 (2018 - 69,442 RSUs) were excluded from the computation of diluted EPS due to the performance criteria for the vesting of the RSUs not being measurable as at December 31, 2019.