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Earnings Per Share | 6 Months Ended
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Jun. 30, 2022
Earnings Per Share [Abstract] |
Earnings Per Share | EARNINGS PER SHARE Basic earnings per share (“EPS”) is computed by dividing net income by the weighted average number of common shares outstanding for the period, including vested restricted stock unit (“RSU”) awards. Diluted EPS is computed by dividing net income by the weighted average number of shares outstanding, noted above, adjusted for the dilutive effect of stock options and unvested RSU awards. The following table presents the calculation of basic and diluted EPS:
| Three Months Ended |  | Six Months Ended
| June 30, |  | June 30,
| 2022 |  | 2021 |  | 2022 |  | 2021
Net income from continuing operations | $ | 376.5 |  |  | $ | 384.9 |  |  | $ | 738.6 |  |  | $ | 624.4 |
Loss from discontinued operations, net of income taxes | (0.2) |  |  | (0.1) |  |  | (0.2) |  |  | (0.2) |
Net income | $ | 376.3 |  |  | $ | 384.8 |  |  | $ | 738.4 |  |  | $ | 624.2 |
Basic weighted average common shares outstanding | 57.8 |  |  | 78.9 |  |  | 59.9 |  |  | 81.0 |
Dilutive effect of stock options and unvested RSUs | 0.3 |  |  | 0.8 |  |  | 0.4 |  |  | 0.8 |
Diluted weighted average common shares outstanding | 58.1 |  |  | 79.7 |  |  | 60.3 |  |  | 81.8 |
Basic EPS amounts(1): |  |  |  |  |  |  |
Continuing operations | $ | 6.51 |  |  | $ | 4.88 |  |  | $ | 12.33 |  |  | $ | 7.71 |
Discontinued operations | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |
Net income | $ | 6.51 |  |  | $ | 4.88 |  |  | $ | 12.33 |  |  | $ | 7.71 |
Diluted EPS amounts(1): |  |  |  |  |  |  |
Continuing operations | $ | 6.48 |  |  | $ | 4.83 |  |  | $ | 12.25 |  |  | $ | 7.63 |
Discontinued operations | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |
Net income | $ | 6.48 |  |  | $ | 4.83 |  |  | $ | 12.25 |  |  | $ | 7.63 |
(1) EPS amounts are calculated discretely and, therefore, may not add up to the total due to rounding.
A summary of anti-dilutive equity instruments excluded from the computation of diluted EPS is as follows:
| Three Months Ended |  | Six Months Ended
| June 30, |  | June 30,
| 2022 |  | 2021 |  | 2022 |  | 2021
Anti-dilutive equity instruments excluded from the computation of diluted EPS | 0.1 |  |  | — |  |  | 0.1 |  |  | — |

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- Definition The entire disclosure for earnings per share. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=109243012&loc=SL65017193-207537 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (c) -URI http://asc.fasb.org/extlink&oid=124432515&loc=d3e3550-109257 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -URI http://asc.fasb.org/topic&trid=2144383 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=124432515&loc=d3e3630-109257 + Details
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