Earnings Per Share ("EPS")

9 Months Ended

Sep. 30, 2019

Earnings Per Share (“EPS”)



	Three Months Ended				Nine Months Ended
	September 30,				September 30,
(in millions)	2019		2018		2019		2018
Net income available for common stockholders^(a)	$	38.7	$	46.8	$	95.1	$	50.7
Less: Distributions to holders of Class A equity interests of a subsidiary	0.4		0.6		1.5		2.0
Net income available for common stockholders, basic and diluted^(a)	$	38.3	$	46.2	$	93.6	$	48.7

Weighted average shares for basic EPS	143.4		139.3		142.1		139.1
Dilutive potential shares from grants of RSUs, PRSUs and stock options^(b)	0.8		0.3		0.6		0.3
Dilutive potential shares upon redemption of shares of Class A equity interests of a subsidiary^(c)	—		1.9		—		—
Weighted average shares for diluted EPS	144.2		141.5		142.7		139.4


(a)	Diluted EPS for the three months ended September 30, 2018, was calculated based on Net income available for common stockholders including distributions to holders of Class A equity interests of a subsidiary to include the impact of dilutive potential shares upon redemption of shares of Class A equity interests of a subsidiary.


(b)	The potential impact of an aggregate 0.4 million granted RSUs, PRSUs and stock options in the three months ended September 30, 2018, 0.1 million in the nine months ended September 30, 2019, and 0.4 million in the nine months ended September 30, 2018, were antidilutive.

(c)

The potential impact of 1.3 million shares of Class A equity interests of Outfront Canada in the three months ended September 30, 2019, 1.5 million in the nine months ended September 30, 2019, and 1.9 million in the nine months ended September 30, 2018, was antidilutive. (See Note 10. Equity to the Consolidated Financial Statements.)