Annual report pursuant to Section 13 and 15(d)

Earnings per Common Share (Tables)

v3.8.0.1
Earnings per Common Share (Tables)
 12 Months Ended
Dec. 31, 2017
Earnings Per Share [Abstract]  
Basic and Diluted Earnings per Common Share
Basic and diluted earnings per common share for the years ended December 31, 2017, 2016 and 2015 were calculated as follows:
(in millions, except per share data)
2017
 
2016
 
2015
Net earnings from continuing operations
$
187.3

 
$
272.6

 
$
230.9

Earnings (loss) from discontinued operations, net of tax
(40.9
)
 
3.4

 
10.5

Net earnings
$
146.4

 
$
276.0

 
$
241.4

 
 
 
 
 
 
Weighted average outstanding shares-basic
89.4

 
91.2

 
93.0

Dilutive effect of common stock equivalents
0.7

 
0.8

 
1.3

Weighted average outstanding shares-diluted
90.1

 
92.0

 
94.3

 
 
 
 
 
 
Basic earnings (loss) per common share:
 
 
 
 
 
Continuing operations
$
2.10

 
$
2.99

 
$
2.49

Discontinued operations
(0.46
)
 
0.04

 
0.11

Net earnings
$
1.64

 
$
3.03

 
$
2.60

 
 
 
 
 
 
Diluted earnings (loss) per common share:
 
 
 
 
 
Continuing operations
$
2.08

 
$
2.96

 
$
2.45

Discontinued operations
(0.46
)
 
0.04

 
0.11

Net earnings
$
1.62

 
$
3.00

 
$
2.56