XML 60 R16.htm IDEA: XBRL DOCUMENT
v2.4.0.8

Earnings (Loss) Per Share | 9 Months Ended
--- | ---
Sep. 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 0.8 million shares for the three months ended September 30, 2014 and 2013, respectively, and 0.5 million and 1.0 million shares for the nine months ended September 30, 2014 and 2013, respectively. The following table reconciles net income to basic and diluted EPS:
| Three Months Ended September 30, |  | Nine Months Ended September 30,
(in millions, except per share data) | 2014 |  | 2013 |  | 2014 |  | 2013
Income from continuing operations | $ | 15.2 |  |  | $ | 16.8 |  |  | $ | 39.8 |  |  | $ | 133.5 |
Gain (loss) from discontinued operations and disposal, net of tax | 0.2 |  |  | (0.8 | ) |  | 0.1 |  |  | (0.6 | )
Net income | $ | 15.4 |  |  | $ | 16.0 |  |  | $ | 39.9 |  |  | $ | 132.9 |
Weighted average shares outstanding – Basic | 62.7 |  |  | 62.6 |  |  | 62.8 |  |  | 62.5 |
Dilutive effect of common stock equivalents | 1.1 |  |  | 0.6 |  |  | 1.0 |  |  | 0.5 |
Weighted average shares outstanding – Diluted | $ | 63.8 |  |  | $ | 63.2 |  |  | 63.8 |  |  | 63.0 |
Basic earnings per share: |  |  |  |  |  |  |
Earnings from continuing operations | $ | 0.24 |  |  | $ | 0.27 |  |  | $ | 0.63 |  |  | $ | 2.14 |
Gain (loss) from discontinued operations and disposal, net of tax | — |  |  | (0.01 | ) |  | — |  |  | (0.01 | )
Net earnings per share | $ | 0.24 |  |  | $ | 0.26 |  |  | $ | 0.63 |  |  | $ | 2.13 |
Diluted earnings per share: |  |  |  |  |  |  |
Earnings from continuing operations | $ | 0.24 |  |  | $ | 0.26 |  |  | $ | 0.62 |  |  | $ | 2.12 |
Gain (loss) from discontinued operations and disposal, net of tax | — |  |  | (0.01 | ) |  | — |  |  | (0.01 | )
Net earnings per share | $ | 0.24 |  |  | $ | 0.25 |  |  | $ | 0.62 |  |  | $ | 2.11 |

X
- Details
Name: | us-gaap_EarningsPerShareAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for earnings per share. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -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 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 45 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=7655603&loc=d3e1278-109256 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 45 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=7655603&loc=d3e1252-109256 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 55 -Paragraph 52 -URI http://asc.fasb.org/extlink&oid=32703322&loc=d3e4984-109258 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 225 -SubTopic 10 -Section S99 -Paragraph 2 -Subparagraph (SX 210.5-03.21) -URI http://asc.fasb.org/extlink&oid=26872669&loc=d3e20235-122688 + Details
Name: | us-gaap_EarningsPerShareTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration