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EARNINGS PER SHARE | 3 Months Ended
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Mar. 31, 2024
Earnings Per Share [Abstract] |
EARNINGS PER SHARE | EARNINGS PER SHARE
(in millions, except per share data) | Three Months Ended March 31, |  |
| 2024 |  | 2023 |  |  |  |
Income (loss) from continuing operations | $ | 108.5 |  |  | $ | 109.9 |  |  |  |  |
Gain (loss) on disposition of discontinued operations – net of tax | — |  |  | 2.7 |  |  |  |  |
Net income (loss) | $ | 108.5 |  |  | $ | 112.6 |  |  |  |  |
Basic shares: |  |  |  |  |  |  |
Weighted average shares outstanding | 67.0 |  |  | 67.7 |  |  |  |  |
Earnings (loss) per share – basic: |  |  |  |  |  |  |
Income (loss) from continuing operations | $ | 1.62 |  |  | $ | 1.62 |  |  |  |  |
Gain (loss) on disposition of discontinued operations – net of tax | — |  |  | 0.04 |  |  |  |  |
Net income (loss) | $ | 1.62 |  |  | $ | 1.66 |  |  |  |  |
Diluted shares: |  |  |  |  |  |  |
Weighted average shares outstanding – basic | 67.0 |  |  | 67.7 |  |  |  |  |
Effect of dilutive securities: |  |  |  |  |  |  |
Restricted stock | 0.9 |  |  | 1.1 |  |  |  |  |
Diluted weighted average shares outstanding | 67.9 |  |  | 68.8 |  |  |  |  |
Earnings (loss) per share – diluted: |  |  |  |  |  |  |
Income (loss) from continuing operations | $ | 1.60 |  |  | $ | 1.60 |  |  |  |  |
Gain (loss) on disposition of discontinued operations – net of tax | — |  |  | 0.04 |  |  |  |  |
Net income (loss) | $ | 1.60 |  |  | $ | 1.64 |  |  |  |  |
Non-vested restricted stock awards and restricted stock units (“Restricted Stock”) granted by the Company are treated as potential common shares outstanding in computing diluted earnings per share using the treasury stock method. Weighted average Restricted Stock of approximately 0.3 million and 0.1 million were outstanding during the three months ended March 31, 2024 and 2023, respectively, but were not included in the computation of diluted shares as the effect would be anti-dilutive or performance targets were not expected to be achieved for awards contingent upon performance.

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