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Earnings (Loss) per Common Share | 12 Months Ended
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Dec. 31, 2012
Earnings Per Share [Abstract] |
Earnings (Loss) per Common Share | Note 4 – Earnings (Loss) per Common Share Basic earnings per common share is calculated by dividing Net earnings by the weighted average number of common shares outstanding during the period. Diluted earnings per common share is calculated similarly, except that the calculation includes the dilutive effect of Stock-settled Stock Appreciation Rights (SARs) and stock options (collectively “options”), non-vested stock awards and performance awards. Basic and diluted earnings per common share for the years ended December 31, 2012, 2011 and 2010 were calculated as follows:
(in millions, except per share data) | 2012 |  | 2011 |  | 2010
Net earnings (loss) from continuing operations | $ | 147.4 |  |  | $ | 90.6 |  |  | $ | (64.0 | )
Net earnings (loss) from discontinued operations, net of tax | (97.4 | ) |  | (18.7 | ) |  | (46.6 | )
Net earnings (loss) | $ | 50.0 |  |  | $ | 71.9 |  |  | $ | (110.6 | )
Weighted average outstanding shares – basic | 89.8 |  |  | 89.3 |  |  | 88.7 |
Dilutive effect of common stock equivalents | 2.6 |  |  | 2.9 |  |  | — |
Weighted average outstanding shares – diluted | 92.4 |  |  | 92.2 |  |  | 88.7 |
Basic earnings (loss) per common share: |  |  |  |  |
Continuing operations | $ | 1.64 |  |  | $ | 1.02 |  |  | $ | (0.72 | )
Discontinued operations | (1.08 | ) |  | (0.21 | ) |  | (0.53 | )
Net earnings (loss) | $ | 0.56 |  |  | $ | 0.81 |  |  | $ | (1.25 | )
Diluted earnings (loss) per common share: |  |  |  |  |
Continuing operations | $ | 1.59 |  |  | $ | 0.98 |  |  | $ | (0.72 | )
Discontinued operations | (1.05 | ) |  | (0.20 | ) |  | (0.53 | )
Net earnings (loss) | $ | 0.54 |  |  | $ | 0.78 |  |  | $ | (1.25 | )
As of December 31, 2012, the Company had 8.2 million options outstanding, of which 5.5 million were exercisable. This compares with 9.3 million options outstanding, of which 5.1 million were exercisable, as of December 31, 2011. During the year ended December 31, 2012, there were 2.2 million weighted average shares of options outstanding for which the exercise price, based on the average price, was greater than the average market price of the Company’s shares for the period then ended. These options were not included in the computation of diluted earnings per common share because the effect would have been anti-dilutive. This compares to 3.0 million anti-dilutive weighted average shares of options outstanding that were excluded from the corresponding period ended December 31, 2011. Common stock equivalents had an anti-dilutive effect on the net losses from operations during the year ended December 31, 2010 and were not included in the diluted loss per common share computation for that period. Changes in average outstanding basic shares from 2010 to 2012 reflect low levels of stock plan activity.

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- Definition The entire disclosure for earnings per share. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 45 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=7655603&loc=d3e1252-109256 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 55 -Paragraph 52 -URI http://asc.fasb.org/extlink&oid=16381557&loc=d3e4984-109258 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=6371337&loc=d3e3550-109257 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 45 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=7655603&loc=d3e1278-109256 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 128 -Paragraph 40 -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy. Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 225 -SubTopic 10 -Section S99 -Paragraph 2 -Subparagraph (SX 210.5-03.21) -URI http://asc.fasb.org/extlink&oid=6880815&loc=d3e20235-122688 + Details
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