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Earning (Loss) Per Share

9 Months Ended

Sep. 30, 2011

Earning (Loss) Per Share [Abstract]

EARNINGS (LOSS) PER SHARE

10. EARNINGS (LOSS) PER SHARE

Earnings (Loss) per share — basic is computed by dividing income or loss available to common stockholders by the weighted average number of shares of common stock outstanding for the period. Earnings (loss) per share — diluted reflects the potential dilution that could occur if options issued under stock-based compensation awards were exercised and converted into common stock. For the three month periods ended September 30, 2011 and 2010, options to purchase 2.1 million and 2.0 million shares of the Company’s common stock had exercise prices that were greater than the average market price of those shares during the respective reporting periods. For the nine months ended September 30, 2011 and 2010, options to purchase 1.8 million and 1.5 million shares of the Company’s common stock had exercise prices that were greater than the average market price of those shares during the respective reporting periods. As a result, these shares are excluded from the earnings (loss) per share calculation as they are anti-dilutive.

Computation of Earnings (Loss) per Common Share


		Three months ended September 30,								Nine months ended September 30,
($ in millions, except per share data)		2011				2010				2011				2010
Income (loss) from continuing operations		$	2.0			$	2.2			$	2.4			$	(2.3	)
Loss from discontinued operations and disposal, net of tax			(0.3	)			(1.0	)			—				(4.2	)

Net income (loss)		$	1.7			$	1.2			$	2.4			$	(6.5	)

Average shares outstanding — basic			62.2				62.2				62.2				56.1
Dilutive effect of stock options and other			—				0.1				—				0.1

Diluted shares outstanding			62.2				62.3				62.2				56.2

Basic and diluted earnings (loss) per share:
Earnings (loss) from continuing operations		$	0.03			$	0.04			$	0.04			$	(0.04	)
Loss from discontinued operations and disposal			—				(0.02	)			—				(0.08	)

Earnings (loss) per share		$	0.03			$	0.02			$	0.04			$	(0.12	)

Weighted average common shares outstanding (in millions):
Basic			62.2				62.2				62.2				56.1
Diluted			62.2				62.3				62.2				56.2