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EARNINGS PER SHARE (Tables)

6 Months Ended

Jun. 30, 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 June 30,												Six Months Ended June 30,
						2023						2022						2023						2022
Weighted average basic common shares outstanding						13,777,225						15,956,258						13,819,024						16,241,221
Dilutive effect of stock-based awards and employee stock purchases						40,058						56,024						46,711						56,143
Weighted average dilutive common shares outstanding						13,817,283						16,012,282						13,865,736						16,297,364
Basic:
Net income						$	170.5					$	195.9					$	329.0					$	398.9
Less: Earnings allocated to participating securities from continuing operations						4.2						5.5						8.2						11.3
Less: Earnings (loss) allocated to participating securities from discontinued operations						—						(0.1)						—						—
Net income available to basic common shares						$	166.4					$	190.6					$	320.7					$	387.6
Basic earnings per common share						$	12.08					$	11.94					$	23.21					$	23.87
Diluted:
Net income						$	170.5					$	195.9					$	329.0					$	398.9
Less: Earnings allocated to participating securities from continuing operations						4.1						5.4						8.2						11.3
Less: Earnings (loss) allocated to participating securities from discontinued operations						—						(0.1)						—						—
Net income available to diluted common shares						$	166.4					$	190.6					$	320.8					$	387.6
Diluted earnings per common share						$	12.04					$	11.90					$	23.13					$	23.79

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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
-Topic 260
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482662/260-10-50-1

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