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Earnings per Share (Tables) | 9 Months Ended
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Sep. 30, 2019
Earnings Per Share [Abstract] |
Schedule of reconciliation of the weighted-average common shares outstanding | The following table reconciles the weighted average common shares outstanding used in the calculation of basic earnings per share (“EPS”) to the weighted average common shares outstanding used in the calculation of diluted EPS for the three and nine months ended September 30, 2019 and 2018:
| For the three months ended September 30, |  | For the nine months ended September 30,
(in millions) | 2019 |  | 2018 |  | 2019 |  | 2018
Determination of shares: |  |  |  |  |  |  |
Weighted average common shares outstanding | 115.2 |  |  | 91.9 |  |  | 115.8 |  |  | 91.5 |
Assumed conversion of dilutive employee stock-based awards | 1.4 |  |  | 3.2 |  |  | 1.7 |  |  | 3.3 |
Assumed conversion of restricted stock | 0.1 |  |  | 0.2 |  |  | 0.2 |  |  | 0.2 |
Diluted weighted average common shares outstanding | 116.7 |  |  | 95.3 |  |  | 117.7 |  |  | 95.0 |
Schedule of calculation of basic and diluted EPS | The following table presents the calculation of basic and diluted EPS for the Company’s common stock for the three and nine months ended September 30, 2019 and 2018:
| For the three months ended September 30, |  | For the nine months ended September 30,
(in millions, except per share data) | 2019 |  | 2018 |  | 2019 |  | 2018
Calculation of basic EPS: |  |  |  |  |  |  |
Net income applicable to common stock | $ | 43.9 |  |  | $ | 36.1 |  |  | $ | 136.4 |  |  | $ | 135.5 |
Weighted average common shares outstanding | 115.2 |  |  | 91.9 |  |  | 115.8 |  |  | 91.5 |
Basic EPS | $ | 0.38 |  |  | $ | 0.39 |  |  | $ | 1.18 |  |  | $ | 1.48 |
Calculation of diluted EPS: |  |  |  |  |  |  |
Net income applicable to common stock | $ | 43.9 |  |  | $ | 36.1 |  |  | $ | 136.4 |  |  | $ | 135.5 |
Diluted weighted average common shares outstanding | 116.7 |  |  | 95.3 |  |  | 117.7 |  |  | 95.0 |
Diluted EPS | $ | 0.38 |  |  | $ | 0.38 |  |  | $ | 1.16 |  |  | $ | 1.43 |

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- Definition Tabular disclosure of an entity's basic and diluted earnings per share calculations, including a reconciliation of numerators and denominators of the basic and diluted per-share computations for income from continuing operations. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6371337&loc=d3e3550-109257 + Details
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- Definition Tabular disclosure of the weighted average number of shares used in calculating basic net earnings per share (or unit) and diluted earnings per share (or unit). + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6371337&loc=d3e3550-109257 + Details
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