XML 67 R50.htm IDEA: XBRL DOCUMENT

EARNINGS PER SHARE (Tables)

9 Months Ended

Sep. 30, 2021

EARNINGS PER SHARE

Reconciliation of basic and diluted net income per common share

The following table sets forth the computation of basic and diluted earnings per share for the three and nine months ended September 30, 2021 and 2020 (in millions, except per share data):


		Three Months Ended September 30,						Nine Months Ended September 30,
		2021			2020			2021			2020
Basic earnings per share numerator:
Net income		$	120.4		$	109.9		$	363.1		$	380.9
Earnings allocated to participating securities			(0.4)			(0.3)			(1.1)			(1.0)
Net income allocated to common stockholders		$	120.0		$	109.6		$	362.0		$	379.9
Basic earnings per share denominator:
Weighted average shares outstanding			106.8			108.7			107.0			109.5
Basic earnings per share		$	1.12		$	1.01		$	3.38		$	3.47

Diluted earnings per share numerator:
Net income		$	120.4		$	109.9		$	363.1		$	380.9
Earnings allocated to participating securities			(0.4)			(0.3)			(1.1)			(1.0)
Net income allocated to common stockholders		$	120.0		$	109.6		$	362.0		$	379.9
Diluted earnings per share denominator:
Weighted average shares outstanding			106.8			108.7			107.0			109.5
Dilutive potential common shares outstanding			0.2			0.1			0.2			0.3
Total dilutive weighted average shares			107.0			108.8			107.2			109.8
Diluted earnings per share		$	1.12		$	1.01		$	3.38		$	3.46