XML 54 R43.htm IDEA: XBRL DOCUMENT v3.21.1
Held for Sale and Discontinued Operations (Tables)
 3 Months Ended
Mar. 31, 2021
Discontinued Operations and Disposal Groups [Abstract]  
Schedule of Earnings Per Share for Discontinued Operations
The following table presents the Company’s computation of earnings per share for discontinued operations for the three months ended March 31, 2021 and 2020:
Three Months Ended
 March 31,
20212020
Basic and diluted earnings per share numerators (in millions):
Net loss attributable to White Mountains’s common shareholders$(75.3)$(128.8)
Less: total loss from continuing operations, net of tax(94.0)(129.7)
Net income from discontinued operations attributable to White Mountains’s
   common shareholders		$18.7 $.9 
Allocation of earnings to participating restricted common shares (1)
(.2)— 
Basic and diluted earnings per share numerators (2)
$18.5 $.9 
Basic earnings per share denominators (in thousands): 
Total average common shares outstanding during the period3,100.2 3,178.0 
Average unvested restricted common shares (3)
(32.4)(33.8)
Basic earnings per share denominator3,067.8 3,144.2 
Diluted earnings per share denominator (in thousands): 
Total average common shares outstanding during the period3,100.2 3,178.0 
Average unvested restricted common shares (3)
(32.4)(33.8)
Diluted earnings per share denominator 3,067.8 3,144.2 
Basic and diluted (losses) earnings per share (in dollars) - discontinued operations:$6.03 $.28 
(1) Restricted shares issued by White Mountains contain dividend participation features, and therefore, are considered participating securities.
(2) Net earnings attributable to White Mountains’s common shareholders, net of restricted share amounts, is equal to undistributed earnings for the three months ended March 31, 2021 and 2020.
(3) Restricted common shares outstanding vest either in equal annual installments or upon a stated date. See Note 12 — “Employee Share-Based Incentive Compensation Plans”.