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Earnings per Common Share (Tables) | 9 Months Ended
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Sep. 30, 2020
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 September 30, |  | Nine Months Ended September 30,
| 2020 |  | 2019 |  | 2020 |  | 2019
Basic: |  |  |  |  |  |  |
Numerator: |  |  |  |  |  |  |
Income from continuing operations | $ | 100.1 |  |  | $ | 119.5 |  |  | $ | 257.1 |  |  | $ | 356.2 |
Less: Net income attributable to noncontrolling interests included in continuing operations | (22.4) |  |  | (21.9) |  |  | (58.9) |  |  | (64.5) |
Less: Income allocated to participating securities | (0.3) |  |  | (0.4) |  |  | (0.7) |  |  | (1.1) |
Income from continuing operations attributable to Encompass Health common shareholders | 77.4 |  |  | 97.2 |  |  | 197.5 |  |  | 290.6 |
Loss from discontinued operations, net of tax, attributable to Encompass Health common shareholders | — |  |  | — |  |  | — |  |  | (0.6) |
Net income attributable to Encompass Health common shareholders | $ | 77.4 |  |  | $ | 97.2 |  |  | $ | 197.5 |  |  | $ | 290.0 |
Denominator: |  |  |  |  |  |  |
Basic weighted average common shares outstanding | 98.7 |  |  | 97.8 |  |  | 98.5 |  |  | 98.1 |
Basic earnings per share attributable to Encompass Health common shareholders: |  |  |  |  |  |  |
Continuing operations | $ | 0.78 |  |  | $ | 0.99 |  |  | $ | 2.01 |  |  | $ | 2.97 |
Discontinued operations | — |  |  | — |  |  | — |  |  | (0.01) |
Net income | $ | 0.78 |  |  | $ | 0.99 |  |  | $ | 2.01 |  |  | $ | 2.96 |
Diluted: |  |  |  |  |  |  |
Numerator: |  |  |  |  |  |  |
Income from continuing operations | $ | 100.1 |  |  | $ | 119.5 |  |  | $ | 257.1 |  |  | $ | 356.2 |
Less: Net income attributable to noncontrolling interests included in continuing operations | (22.4) |  |  | (21.9) |  |  | (58.9) |  |  | (64.5) |
Income from continuing operations attributable to Encompass Health common shareholders | 77.7 |  |  | 97.6 |  |  | 198.2 |  |  | 291.7 |
Loss from discontinued operations, net of tax, attributable to Encompass Health common shareholders | — |  |  | — |  |  | — |  |  | (0.6) |
Net income attributable to Encompass Health common shareholders | $ | 77.7 |  |  | $ | 97.6 |  |  | $ | 198.2 |  |  | $ | 291.1 |
Denominator: |  |  |  |  |  |  |
Diluted weighted average common shares outstanding | 99.9 |  |  | 99.4 |  |  | 99.7 |  |  | 99.5 |
Diluted earnings per share attributable to Encompass Health common shareholders: |  |  |  |  |  |  |
Continuing operations | $ | 0.78 |  |  | $ | 0.98 |  |  | $ | 1.99 |  |  | $ | 2.94 |
Discontinued operations | — |  |  | — |  |  | — |  |  | (0.01) |
Net income | $ | 0.78 |  |  | $ | 0.98 |  |  | $ | 1.99 |  |  | $ | 2.93 |
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 September 30, |  | Nine Months Ended September 30,
| 2020 |  | 2019 |  | 2020 |  | 2019
Basic weighted average common shares outstanding | 98.7 |  |  | 97.8 |  |  | 98.5 |  |  | 98.1 |
Restricted stock awards, dilutive stock options, and restricted stock units | 1.2 |  |  | 1.6 |  |  | 1.2 |  |  | 1.4 |
Diluted weighted average common shares outstanding | 99.9 |  |  | 99.4 |  |  | 99.7 |  |  | 99.5 |

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- Definition Tabular disclosure of an entity's basic and diluted earnings per share calculations, including a reconciliation of numerators and denominators of the basic and diluted per-share computations for income from continuing operations. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=6371337&loc=d3e3550-109257 + Details
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- Definition Tabular disclosure of the weighted average number of shares used in calculating basic net earnings per share (or unit) and diluted earnings per share (or unit). + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6371337&loc=d3e3550-109257 + Details
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