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Net Income Per Unrestricted Share | 3 Months Ended
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Mar. 31, 2021
Earnings Per Share [Abstract] |
Net Income Per Unrestricted Share | Net Income Per Unrestricted Share The Company’s awards of deferred stock units granted to Kemper’s non-employee directors prior to 2019 contain rights to receive non-forfeitable dividend equivalents and participate in the undistributed earnings with common shareholders. Accordingly, the Company is required to apply the two-class method of computing basic and diluted earnings per share. A reconciliation of the numerator and denominator used in the calculation of Basic Net Income Per Unrestricted Share and Diluted Net Income Per Unrestricted Share for the three months ended March 31, 2021 and 2020 is presented below.
|  | Three Months Ended |  |
(Dollars in Millions, except per share amounts) |  | Mar 31, 2021 |  | Mar 31, 2020 |  |  |  |
Net Income |  | $ | 123.2 |  |  | $ | 64.0 |  |  |  |  |
Less Net Income Attributed to Participating Awards |  | 0.1 |  |  | 0.1 |  |  |  |  |
Net Income Attributed to Unrestricted Shares |  | 123.1 |  |  | 63.9 |  |  |  |  |
Dilutive Effect on Income of Equity-based Compensation Equivalent Shares |  | — |  |  | — |  |  |  |  |
Diluted Net Income Attributed to Unrestricted Shares |  | $ | 123.1 |  |  | $ | 63.9 |  |  |  |  |
(Number of Shares in Thousands) |  |  |  |  |  |  |  |
Weighted-average Unrestricted Shares Outstanding |  | 65,424.6 |  |  | 66,515.9 |  |  |  |  |
Equity-based Compensation Equivalent Shares |  | 1,128.2 |  |  | 458.3 |  |  |  |  |
Weighted-average Unrestricted Shares and Equivalent Shares Outstanding Assuming Dilution |  | 66,552.8 |  |  | 66,974.2 |  |  |  |  |
(Per Unrestricted Share in Whole Dollars) |  |  |  |  |  |  |  |
Basic Net Income Per Unrestricted Share |  | $ | 1.88 |  |  | $ | 0.96 |  |  |  |  |
Diluted Net Income Per Unrestricted Share |  | $ | 1.85 |  |  | $ | 0.95 |  |  |  |  |
The number of shares of Kemper common stock that were excluded from the calculations of Equity-based Compensation Equivalent Shares and Weighted-average Unrestricted Shares and Equivalent Shares Outstanding Assuming Dilution for the three months ended March 31, 2021 and 2020, because the effect of inclusion would be anti-dilutive, is presented below.
|  | Three Months Ended |  |
(Number of Shares in Thousands) |  | Mar 31, 2021 |  | Mar 31, 2020 |  |  |  |
Equity-based Compensation Equivalent Shares |  | 1,212.8 |  |  | 828.9 |  |  |  |  |
Weighted-average Unrestricted Shares and Equivalent Shares Outstanding Assuming Dilution |  | 1,212.8 |  |  | 828.9 |  |  |  |  |

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- Definition The entire disclosure for earnings per share. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=109243012&loc=SL65017193-207537 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (c) -URI http://asc.fasb.org/extlink&oid=6371337&loc=d3e3550-109257 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -URI http://asc.fasb.org/topic&trid=2144383 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=6371337&loc=d3e3630-109257 + Details
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