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EARNINGS PER SHARE (Tables) | 3 Months Ended
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Mar. 31, 2023
Earnings Per Share [Abstract] |
Calculation of earnings per share | The following table sets forth the calculation of EPS (in millions, except share and per share data):
|  | Three Months Ended March 31, |  |
|  | 2023 |  | 2022 |  |  |  |
Weighted average basic common shares outstanding |  | 13,861,289 |  |  | 16,529,351 |  |  |  |  |
Dilutive effect of stock-based awards and employee stock purchases |  | 53,438 |  |  | 56,264 |  |  |  |  |
Weighted average dilutive common shares outstanding |  | 13,914,727 |  |  | 16,585,614 |  |  |  |  |
Basic: |  |  |  |  |  |  |  |
Net income |  | $ | 158.4 |  |  | $ | 202.9 |  |  |  |  |
Less: Earnings allocated to participating securities from continued operations |  | 4.1 |  |  | 5.8 |  |  |  |  |
Less: (Loss) earnings allocated to participating securities from discontinued operations |  | — |  |  | 0.1 |  |  |  |  |
Net income available to basic common shares |  | $ | 154.4 |  |  | $ | 197.0 |  |  |  |  |
Basic earnings per common share |  | $ | 11.14 |  |  | $ | 11.92 |  |  |  |  |
Diluted: |  |  |  |  |  |  |  |
Net income |  | $ | 158.4 |  |  | $ | 202.9 |  |  |  |  |
Less: Earnings allocated to participating securities from continued operations |  | 4.1 |  |  | 5.8 |  |  |  |  |
Less: (Loss) earnings allocated to participating securities from discontinued operations |  | — |  |  | 0.1 |  |  |  |  |
Net income available to diluted common shares |  | $ | 154.4 |  |  | $ | 197.1 |  |  |  |  |
Diluted earnings per common share |  | $ | 11.10 |  |  | $ | 11.88 |  |  |  |  |

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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 + Details
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