EARNINGS PER SHARE
A computation of weighted average shares of the Company's common stock outstanding and earnings per share from continuing operations for 2025, 2024 and 2023 is as follows:
Year Ended December 31,
 (dollars in millions, except per share amounts)202520242023
Net income from continuing operations
$191.0 $242.9 $116.1 
Net income attributable to the non-controlling interests(0.2)(0.3)(0.1)
Net income attributable to common stockholders $190.8 $242.6 $116.0 
Basic weighted average common shares outstanding242.0 242.1 241.4 
Denominator adjustments for diluted EPS:
Number of stock options and RSUs0.4 0.5 0.4 
Denominator adjustments for diluted EPS0.4 0.5 0.4 
Diluted weighted average common shares outstanding242.4 242.6 241.8 
Earnings per share from continuing operations attributable to common stockholders:      
Basic$0.79 $1.00 $0.48 
Diluted$0.79 $1.00 $0.48 
For 2025, 2024 and 2023, the following securities were not included in the computation of diluted shares outstanding because either the effect would be anti-dilutive or the applicable performance targets were not yet met:
Year Ended December 31,
 (amounts in millions)202520242023
Shares issuable upon vesting of RSUs and exercise of stock options1.7 3.4 3.4 
 Total shares excluded1.7 3.4 3.4 

Historical Timeline

Fiscal YearFiled
2025Feb 18, 2026Showing above
2024Feb 19, 2025
2023Feb 21, 2024
2022Feb 22, 2023
2017Feb 28, 2018
2016Mar 13, 2017

About Earnings Per Share Disclosures

The earnings per share disclosure breaks down the calculation from net income to both basic and diluted EPS, revealing the full impact of a company's capital structure on per-share economics. The reconciliation between basic and diluted share counts exposes how many stock options, RSUs, convertible securities, and warrants are potentially dilutive to existing shareholders.

Key signals: a widening gap between basic and diluted shares indicates growing dilution from equity compensation or convertible instruments. Anti-dilutive securities excluded from the diluted calculation deserve attention — they represent latent dilution that will materialize if the stock price rises. Watch for the effect of share buybacks on per-share metrics: EPS growth driven primarily by repurchases rather than income growth signals weakening fundamentals. Compare year-over-year changes in the diluted share count against equity compensation expense to assess whether management is effectively managing dilution.