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Earnings Per Share
3 Months Ended
Mar. 31, 2023
Earnings Per Share [Abstract]  
Earnings Per Share

Note 10 – Earnings Per Share

The computation of basic and diluted earnings per share is as follows:

 

 

Three Months Ended
March 31,

 

(in millions, except per share amounts)

 

2023

 

 

2022

 

Numerator

 

 

 

 

 

 

Net income attributable to the Company

 

$

45.9

 

 

$

97.9

 

Denominator

 

 

 

 

 

 

Basic weighted-average shares

 

 

104.5

 

 

 

110.4

 

Effect of dilutive restricted stock units (“RSUs”)

 

 

0.3

 

 

 

0.4

 

Diluted weighted-average shares

 

 

104.8

 

 

 

110.8

 

Net income per share attributable to the Company’s
   stockholders

 

 

 

 

 

 

Basic

 

$

0.44

 

 

$

0.89

 

Diluted

 

$

0.44

 

 

$

0.88

 

For the three months ended March 31, 2023, 333 thousand RSUs and 37 thousand performance restricted stock units (“PRSUs”) were excluded from diluted weighted-average common shares outstanding due to their antidilutive effect. For the three months ended March 31, 2022, 12 thousand RSUs were excluded from diluted weighted-average common shares outstanding due to their antidilutive effect.