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Earnings Per Share
9 Months Ended
Sep. 30, 2014
Earnings Per Share
17. Earnings Per Share

The computations of earnings per common share (“EPS”) were as follows:

 

     Nine Months Ended
September 30,
    Three Months Ended
September 30,
 
(In millions, except per share data)    2014     2013     2014     2013  

Income from continuing operations, net of tax

   $ 225.1      $ 168.1      $ 88.6      $ 64.1   

Less: Noncontrolling interests

     0.9        0.8        0.2        0.4   
  

 

 

   

 

 

   

 

 

   

 

 

 

Income from continuing operations for EPS

     224.2        167.3        88.4        63.7   

(Loss) income from discontinued operations

     (111.2     (1.8     (109.5     0.5   
  

 

 

   

 

 

   

 

 

   

 

 

 

Net income (loss) attributable to Home & Security

   $ 113.0      $ 165.5      $ (21.1   $ 64.2   

Earnings per common share

        

Basic

        

Continuing operations

   $ 1.38      $ 1.01      $ 0.56      $ 0.38   

Discontinued operations

     (0.69     (0.01     (0.69     0.01   
  

 

 

   

 

 

   

 

 

   

 

 

 

Net income (loss) attributable to Home & Security common stockholders

   $ 0.69      $ 1.00      $ (0.13   $ 0.39   

Diluted

        

Continuing operations

   $ 1.34      $ 0.98      $ 0.54      $ 0.37   

Discontinued operations

     (0.67     (0.01     (0.67     —     
  

 

 

   

 

 

   

 

 

   

 

 

 

Net income (loss) attributable to Home & Security common stockholders

   $ 0.67      $ 0.97      $ (0.13   $ 0.37   

Basic average shares outstanding

     163.0        165.2        158.7        166.0   

Stock-based awards

     4.7        5.9        4.5        5.6   
  

 

 

   

 

 

   

 

 

   

 

 

 

Diluted average shares outstanding

     167.7        171.1        163.2        171.6   

Antidilutive stock-based awards excluded from weighted-average number of shares outstanding for diluted earnings per share

     0.5        0.8        0.6        0.7