Annual report pursuant to Section 13 and 15(d)

Earnings (Loss) per Common Share (Tables)

v2.4.0.8
Earnings (Loss) per Common Share (Tables)
 12 Months Ended
Dec. 31, 2013
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, 2013, 2012 and 2011 were calculated as follows:
(in millions, except per share data)
2013
 
2012
 
2011
Net earnings from continuing operations
$
775.2

 
$
147.4

 
$
90.6

Net loss from discontinued operations, net of tax
(6.0
)
 
(97.4
)
 
(18.7
)
Net earnings
$
769.2

 
$
50.0

 
$
71.9

 
 
 
 
 
 
Weighted average outstanding shares – basic
91.2

 
89.8

 
89.3

Dilutive effect of common stock equivalents
2.6

 
2.6

 
2.9

Weighted average outstanding shares – diluted
93.8

 
92.4

 
92.2

 
 
 
 
 
 
Basic earnings (loss) per common share:
 
 
 
 
 
Continuing operations
$
8.50

 
$
1.64

 
$
1.02

Discontinued operations
(0.07
)
 
(1.08
)
 
(0.21
)
Net earnings
$
8.43

 
$
0.56

 
$
0.81

 
 
 
 
 
 
Diluted earnings (loss) per common share:
 
 
 
 
 
Continuing operations
$
8.26

 
$
1.59

 
$
0.98

Discontinued operations
(0.06
)
 
(1.05
)
 
(0.20
)
Net earnings
$
8.20

 
$
0.54

 
$
0.78