Earnings Per Share (“EPS”) (Tables)

12 Months Ended

Dec. 31, 2023

Schedule of Reconciliation of Income and Computation of Earnings per Share

The following table provides a reconciliation of income (loss) from continuing operations to net income (loss) for the years ended December 31, 2023, 2022, and 2021 (in millions):


	2023		2022		2021
Income (loss) from continuing operations	$	40.8	$	37.1	$	75.4




Distributions and allocations to participating securities	(0.1)		(0.2)		(0.3)
Income (loss) from continuing operations available to A&B shareholders	40.7		36.9		75.1
Income (loss) from discontinued operations available to A&B shareholders	(7.8)		(86.6)		(39.6)
Exclude: Loss (income) attributable to discontinued noncontrolling interest	(3.2)		(1.1)		(0.4)
Net income (loss) available to A&B common shareholders	$	29.7	$	(50.8)	$	35.1

The number of shares used to compute basic and diluted earnings per share for the years ended December 31, 2023, 2022, and 2021:


	2023	2022	2021
Denominator for basic EPS - weighted average shares outstanding	72.6	72.6	72.5
Effect of dilutive securities:
Restricted stock unit awards	0.2	0.2	0.1

Denominator for diluted EPS - weighted average shares outstanding	72.8	72.8	72.6