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Earnings (Loss) Per Share
 6 Months Ended
Jun. 30, 2014
Earnings Per Share [Abstract]  
Earnings (Loss) Per Share
EARNINGS PER SHARE
Basic earnings per share (“EPS”) is computed by dividing income available to common stockholders by the weighted average number of shares of common stock outstanding for the period. Diluted EPS is computed based on the weighted average number of shares of common stock outstanding for the period plus the effect of dilutive potential common shares outstanding during the period. Dilutive potential common shares include outstanding stock options, performance-based restricted stock unit awards, and restricted stock units and reflect the potential dilution that could occur if these awards were issued and converted into common stock. We use the treasury stock method to determine the potentially dilutive impact of our employee stock options and restricted stock units, and the contingently issuable method for our performance-based restricted stock unit awards. Options to purchase shares of the Company’s common stock, which had an anti-dilutive effect on EPS, and accordingly, are excluded from the calculation of diluted EPS included 0.5 million and 1.2 million shares for the three months ended June 30, 2014 and 2013, respectively, 0.5 million and 1.2 million shares for the six months ended June 30, 2014 and 2013, respectively.
The following table reconciles net income to basic and diluted EPS:
 
Three Months Ended 
 June 30,
 
Six Months Ended 
 June 30,
(in millions, except per share data)
2014
 
2013
 
2014
 
2013
Income from continuing operations
$
17.0

 
$
117.8

 
$
24.6

 
$
116.7

Gain (loss) from discontinued operations and disposal, net of tax
0.1

 
(0.3
)
 
(0.1
)
 
0.2

Net income
$
17.1

 
$
117.5

 
$
24.5

 
$
116.9

Weighted average shares outstanding – Basic
62.8

 
62.5

 
62.8

 
62.4

Dilutive effect of common stock equivalents
1.0

 
0.4

 
1.0

 
0.4

Weighted average shares outstanding – Diluted
$
63.8

 
$
62.9

 
63.8

 
62.8

Basic earnings per share:
 
 
 
 
 
 
 
Earnings from continuing operations
$
0.27

 
$
1.88

 
$
0.39

 
$
1.87

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

 
—

 
—

 
—

Net earnings per share
$
0.27

 
$
1.88

 
$
0.39

 
$
1.87

Diluted earnings per share:
 
 
 
 
 
 
 
Earnings from continuing operations
$
0.27

 
$
1.87

 
$
0.39

 
$
1.86

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

 
—

 
—

 
—

Net earnings per share
$
0.27

 
$
1.87

 
$
0.39

 
$
1.86