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Earnings (Loss) Per Share (Tables)
6 Months Ended
Jun. 30, 2013
Reconciliation of Net Income (Loss) to Basic and Diluted EPS

The following table reconciles net income (loss) to basic and diluted EPS:

 

     Three Months Ended
June 30,
    Six Months Ended
June 30,
 
(in millions, except per share data)    2013     2012     2013      2012  

Income from continuing operations

   $ 117.8      $ 9.6      $ 116.7       $ 12.7   

Gain (loss) from discontinued operations and disposal, net of tax

     (0.3     (26.1     0.2         (30.2
  

 

 

   

 

 

   

 

 

    

 

 

 

Net income (loss)

   $ 117.5      $ (16.5   $ 116.9       $ (17.5
  

 

 

   

 

 

   

 

 

    

 

 

 

Weighted average shares outstanding – Basic

     62.5        62.3        62.4         62.2   

Dilutive effect of common stock equivalents

     0.4        0.3        0.4         0.3   
  

 

 

   

 

 

   

 

 

    

 

 

 

Weighted average shares outstanding – Diluted

     62.9        62.6        62.8         62.5   
  

 

 

   

 

 

   

 

 

    

 

 

 

Basic earnings (loss) per share:

         

Income from continuing operations

   $ 1.88      $ 0.15      $ 1.87       $ 0.20   

Loss from discontinued operations and disposal, net of tax

     —          (0.41     —           (0.48
  

 

 

   

 

 

   

 

 

    

 

 

 

Net earnings (loss) per share

   $ 1.88      $ (0.26   $ 1.87       $ (0.28
  

 

 

   

 

 

   

 

 

    

 

 

 

Diluted earnings (loss) per share:

         

Income from continuing operations

   $ 1.87      $ 0.15      $ 1.86       $ 0.20   

Loss from discontinued operations and disposal, net of tax

     —          (0.41     —           (0.48
  

 

 

   

 

 

   

 

 

    

 

 

 

Net earnings (loss) per share

   $ 1.87      $ (0.26   $ 1.86       $ (0.28