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Earnings per Common Share (Tables)
 3 Months Ended
Mar. 31, 2018
Earnings Per Share [Abstract]  
Computation of Basic and Diluted Earnings Per Common Share
The following table sets forth the computation of basic and diluted earnings per common share (in millions, except per share amounts):
 
Three Months Ended March 31,
 
2018
 
2017
Basic:
 
 
 
Numerator:
 
 
 
Income from continuing operations
$
105.7

 
$
84.7

Less: Net income attributable to noncontrolling interests included in continuing operations
(21.4
)
 
(17.6
)
Less: Income allocated to participating securities
(0.3
)
 
(0.2
)
Income from continuing operations attributable to Encompass Health common shareholders
84.0

 
66.9

Loss from discontinued operations, net of tax, attributable to Encompass Health common shareholders
(0.5
)
 
(0.3
)
Net income attributable to Encompass Health common shareholders
$
83.5

 
$
66.6

Denominator:
 
 
 
Basic weighted average common shares outstanding
97.8

 
88.8

Basic earnings per share attributable to Encompass Health common shareholders:
 
 
 
Continuing operations
$
0.86

 
$
0.75

Discontinued operations
(0.01
)
 
—

Net income
$
0.85

 
$
0.75

 
 
 
 
Diluted:
 
 
 
Numerator:
 
 
 
Income from continuing operations
$
105.7

 
$
84.7

Less: Net income attributable to noncontrolling interests included in continuing operations
(21.4
)
 
(17.6
)
Add: Interest on convertible debt, net of tax
—

 
2.5

Income from continuing operations attributable to Encompass Health common shareholders
84.3

 
69.6

Loss from discontinued operations, net of tax, attributable to Encompass Health common shareholders
(0.5
)
 
(0.3
)
Net income attributable to Encompass Health common shareholders
$
83.8

 
$
69.3

Denominator:
 
 
 
Diluted weighted average common shares outstanding
99.4

 
99.0

Diluted earnings per share attributable to Encompass Health common shareholders:
 
 
 
Continuing operations
$
0.85

 
$
0.70

Discontinued operations
(0.01
)
 
—

Net income
$
0.84

 
$
0.70
Reconciliation of Weighted Average Number of Shares Outstanding
The following table sets forth the reconciliation between basic weighted average common shares outstanding and diluted weighted average common shares outstanding (in millions):
 
Three Months Ended March 31,
 
2018
 
2017
Basic weighted average common shares outstanding
97.8

 
88.8

Convertible senior subordinated notes
—

 
8.6

Restricted stock awards, dilutive stock options, and restricted stock units
1.6

 
1.6

Diluted weighted average common shares outstanding
99.4

 
99.0
Schedule of Warrants
The following table summarizes information relating to these warrants and their activity through their expiration date (number of warrants in millions):
 
Number of Warrants
 
Weighted-Average Exercise Price
Common stock warrants outstanding as of December 31, 2016
8.2

 
$
41.40

Cashless exercise
(6.5
)
 
41.40

Cash exercise
(0.6
)
 
41.40

Expired
(1.1
)
 
41.40

Common stock warrants outstanding as of January 17, 2017
—