Earnings Per Share (“EPS”) (Tables)

12 Months Ended

Dec. 31, 2020

Schedule of Reconciliation of Income and Computation of Earnings per Share

The following table provides a reconciliation of income (loss) from continuing operations to income (loss) from continuing operations available to A&B shareholders and net income (loss) available to A&B shareholders for the years ended December 31, 2020, 2019 and 2018 (in millions):


	2020		2019		2018
Income (loss) from continuing operations	$	6.0	$	(36.9)	$	(69.2)
Exclude: (Income) loss attributable to noncontrolling interest	0.4		2.0		(2.2)
Income (loss) from continuing operations attributable to A&B shareholders	6.4		(34.9)		(71.4)
Exclude: (Increase) decrease in carrying value of redeemable non-controlling interest	—		—		—
Income (loss) from continuing operations available to A&B shareholders	6.4		(34.9)		(71.4)
Distributions and allocations to participating securities	(0.1)		(0.2)		—
Income (loss) from continuing operations available to A&B common shareholders	6.3		(35.1)		(71.4)
Income (loss) from discontinued operations available to A&B common shareholders	(0.8)		(1.5)		(0.6)
Net income (loss) available to A&B common shareholders	$	5.5	$	(36.6)	$	(72.0)

The number of shares used to compute basic and diluted earnings per share for the years ended December 31, 2020, 2019 and 2018 were as follows (in millions):


	2020	2019	2018
Denominator for basic EPS - weighted average shares outstanding	72.3	72.2	70.6
Effect of dilutive securities:
Stock options and restricted stock unit awards	0.1	—	—
Special Distribution	—	—	—
Denominator for diluted EPS - weighted average shares outstanding	72.4	72.2	70.6