Annual report pursuant to Section 13 and 15(d)

Earnings (Loss) per Common Share (Tables)

v2.4.1.9
Earnings (Loss) per Common Share (Tables)
 12 Months Ended
Dec. 31, 2014
Earnings Per Share [Abstract]  
Basic and diluted earnings per common share
Basic and diluted earnings (loss) per common share for the years ended December 31, 2014, 2013 and 2012 were calculated as follows:
(in millions, except per share data)
2014
 
2013
 
2012
Net earnings from continuing operations
$
194.9

 
$
756.8

 
$
124.6

Net earnings (loss) from discontinued operations, net of tax
50.8

 
12.4

 
(74.6
)
Net earnings
$
245.7

 
$
769.2

 
$
50.0

 
 
 
 
 
 
Weighted average outstanding shares – basic
93.6

 
91.2

 
89.8

Dilutive effect of common stock equivalents
1.5

 
2.6

 
2.6

Weighted average outstanding shares – diluted
95.1

 
93.8

 
92.4

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

 
$
8.30

 
$
1.39

Discontinued operations
0.55

 
0.13

 
(0.83
)
Net earnings
$
2.63

 
$
8.43

 
$
0.56

 
 
 
 
 
 
Diluted earnings (loss) per common share:
 
 
 
 
 
Continuing operations
$
2.05

 
$
8.07

 
$
1.35

Discontinued operations
0.53

 
0.13

 
(0.81
)
Net earnings
$
2.58

 
$
8.20

 
$
0.54