Annual report pursuant to Section 13 and 15(d)

Earnings per Common Share (Tables)

v3.6.0.2
Earnings per Common Share (Tables)
12 Months Ended
Dec. 31, 2016
Earnings Per Share [Abstract]  
Basic and Diluted Earnings per Common Share
Basic and diluted earnings per common share for the years ended December 31, 2016, 2015 and 2014 were calculated as follows:
(in millions, except per share data)
2016
 
2015
 
2014
Net earnings from continuing operations
$
274.4

 
$
227.4

 
$
194.9

Net earnings from discontinued operations, net of tax
1.6

 
14.0

 
50.8

Net earnings
$
276.0

 
$
241.4

 
$
245.7

 
 
 
 
 

Weighted average outstanding shares-basic
91.2

 
93.0

 
93.6

Dilutive effect of common stock equivalents
0.8

 
1.3

 
1.5

Weighted average outstanding shares-diluted
92.0

 
94.3

 
95.1

 
 
 
 
 

Basic earnings per common share:
 
 
 
 


Continuing operations
$
3.01

 
$
2.45

 
$
2.08

Discontinued operations
0.02

 
0.15

 
0.55

Net earnings
$
3.03

 
$
2.60

 
$
2.63

 
 
 
 
 

Diluted earnings per common share:
 
 
 
 

Continuing operations
$
2.98

 
$
2.41

 
$
2.05

Discontinued operations
0.02

 
0.15

 
0.53

Net earnings
$
3.00

 
$
2.56

 
$
2.58