XML 48 R31.htm IDEA: XBRL DOCUMENT
v3.22.4

Earnings Per Share | 12 Months Ended
--- | ---
Dec. 31, 2022
Earnings Per Share [Abstract] |
Earnings Per Share | Earnings Per Share The calculation of Earnings per share (basic) is based on the weighted average number of shares of the Company’s common stock outstanding during the period. Earnings per share (diluted) is similar to Earnings per share (basic), 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 Years Ended December 31,
|  | 2020 |  | 2021 |  | 2022
Numerator |  |  |  |  |  |
Net income (controlling interest) |  | $ | 202.2 |  |  | $ | 565.7 |  |  | $ | 1,145.9 |
Income from hypothetical settlement of Redeemable non-controlling interests, net of tax |  | — |  |  | — |  |  | 82.9 |
Interest expense on junior convertible securities, net of taxes |  | — |  |  | 18.5 |  |  | 14.0 |
Net income (controlling interest), as adjusted |  | $ | 202.2 |  |  | $ | 584.2 |  |  | $ | 1,242.8 |
Denominator |  |  |  |  |  |
Average shares outstanding (basic) |  | 46.5 |  |  | 41.5 |  |  | 38.5 |
Effect of dilutive instruments: |  |  |  |  |  |
Stock options and restricted stock units |  | 0.2 |  |  | 1.2 |  |  | 1.3 |
Hypothetical issuance of shares to settle Redeemable non-controlling interests |  | — |  |  | — |  |  | 7.4 |
Junior convertible securities |  | — |  |  | 2.1 |  |  | 1.8 |
Average shares outstanding (diluted) |  | 46.7 |  |  | 44.8 |  |  | 49.0 |
Average shares outstanding (diluted) in the table above excludes stock options and restricted stock units that have not met certain performance conditions and instruments that have an anti-dilutive effect on Earnings per share (diluted). The following is a summary of items excluded from the denominator in the table above:
|  | For the Years Ended December 31,
|  | 2020 |  | 2021 |  | 2022
Stock options and restricted stock units |  | 2.9 |  |  | 0.2 |  |  | 0.2 |
Junior convertible securities |  | 2.2 |  |  | — |  |  | — |
Shares issuable to settle Redeemable non-controlling interests |  | — |  |  | — |  |  | 0.1 |

X
- References No definition available. + 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/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 50 -Paragraph 3 -URI https://asc.fasb.org/extlink&oid=109243012&loc=SL65017193-207537 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (c) -URI https://asc.fasb.org/extlink&oid=124432515&loc=d3e3550-109257 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -URI https://asc.fasb.org/topic&trid=2144383 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 50 -Paragraph 2 -URI https://asc.fasb.org/extlink&oid=124432515&loc=d3e3630-109257 + Details
Name: | us-gaap_EarningsPerShareTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration