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EARNINGS PER SHARE (Tables)

9 Months Ended

Sep. 30, 2022

Earnings Per Share [Abstract]

Calculation of earnings per share

The following table sets forth the calculation of EPS on total net income for the three and nine months ended September 30, 2022 and 2021 (in millions, except share and per share data):

						Three Months Ended September 30,												Nine Months Ended September 30,
						2022						2021						2022						2021
Weighted average basic common shares outstanding						15,189,333						17,753,957						15,886,739						17,753,042
Dilutive effect of stock-based awards and employee stock purchases						59,115						82,298						57,145						76,940
Weighted average dilutive common shares outstanding						15,248,448						17,836,255						15,943,883						17,829,982
Basic:
Net income						$	195.7					$	172.1					$	594.6					$	465.0
Less: Earnings allocated to participating securities from continued operations						5.5						5.7						16.8						15.6
Less: (Loss) earnings allocated to participating securities from discontinued operations						—						—						(0.1)						0.1
Net income available to basic common shares						$	190.3					$	166.4					$	577.9					$	449.4
Basic earnings per common share						$	12.53					$	9.37					$	36.38					$	25.31
Diluted:
Net income						$	195.7					$	172.1					$	594.6					$	465.0
Less: Earnings allocated to participating securities from continued operations						5.4						5.7						16.7						15.5
Less: (Loss) earnings allocated to participating securities from discontinued operations						—						—						(0.1)						0.1
Net income available to diluted common shares						$	190.3					$	166.4					$	578.0					$	449.4
Diluted earnings per common share						$	12.48					$	9.33					$	36.25					$	25.21

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- References

No definition available.

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- Definition

Tabular disclosure of an entity's basic and diluted earnings per share calculations, including a reconciliation of numerators and denominators of the basic and diluted per-share computations for income from continuing operations.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 50
-Paragraph 1
-Subparagraph (a)
-URI https://asc.fasb.org/extlink&oid=124432515&loc=d3e3550-109257

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