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Earnings Per Share | 9 Months Ended
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Sep. 30, 2014
Earnings Per Share [Abstract] |
Earnings Per Share | Earnings Per Share The calculation of basic earnings per share is based on the weighted average number of shares of the Company's common stock outstanding during the period. Diluted earnings per share is similar to basic earnings per share, but adjusts for the dilutive effect of the potential issuance of incremental shares of the Company's common stock. The following is a reconciliation of the numerator and denominator used in the calculation of basic and diluted earnings per share available to common stockholders.
| For the Three Months Ended September 30, |  | For the Nine Months Ended September 30,
| 2013 |  | 2014 |  | 2013 |  | 2014
Numerator |  |  |  |  |  |  |
Net income (controlling interest) | $ | 75.2 |  |  | $ | 104.3 |  |  | $ | 202.3 |  |  | $ | 281.5 |
Convertible securities interest expense, net | 2.6 |  |  | 3.8 |  |  | — |  |  | — |
Net income (controlling interest), as adjusted | $ | 77.8 |  |  | $ | 108.1 |  |  | $ | 202.3 |  |  | $ | 281.5 |
Denominator |  |  |  |  |  |  |
Average shares outstanding—basic | 53.2 |  |  | 55.6 |  |  | 53.0 |  |  | 54.9 |
Effect of dilutive instruments: |  |  |  |  |  |  |
Contingently convertible securities | 2.0 |  |  | 2.1 |  |  | — |  |  | — |
Stock options and restricted stock | 1.3 |  |  | 1.1 |  |  | 1.4 |  |  | 1.1 |
Forward equity | 0.4 |  |  | — |  |  | 0.3 |  |  | 0.1 |
Average shares outstanding—diluted | 56.9 |  |  | 58.8 |  |  | 54.7 |  |  | 56.1 |
For the three months ended September 30, 2014, the Company repurchased approximately 0.3 million shares of common stock at an average price per share of $206.81 under the share repurchase programs approved by the Company's Board of Directors. The diluted earnings per share calculations in the table above exclude the anti-dilutive effect of the following shares:
| For the Three Months Ended September 30, |  | For the Nine Months Ended September 30,
| 2013 |  | 2014 |  | 2013 |  | 2014
Stock options and restricted stock | 0.0 |  |  | 0.2 |  |  | 0.0 |  |  | 0.2 |
Senior convertible securities | 1.3 |  |  | — |  |  | 2.9 |  |  | — |
Junior convertible securities | 2.2 |  |  | — |  |  | 4.2 |  |  | 2.6 |

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- 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
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