EARNINGS PER SHARE
The following table sets forth the computation of basic and diluted earnings per share (“EPS”) from net income for the respective periods and basic and diluted shares outstanding:

(In millions, except per share data)202520242023
Basic earnings per share:
(Loss) income from continuing operations$(49.7)$84.6 $129.3 
(Loss) income from discontinued operations, net of taxes(0.8)0.8 453.3 
Net (loss) income$(50.5)$85.4 $582.6 
Weighted average number of shares outstanding52.0 32.0 32.0 
Basic (loss) earnings per share from:
Continuing operations$(0.96)$2.65 $4.04 
Discontinued operations(0.02)0.02 14.17 
Net (loss) income$(0.98)$2.67 $18.21 
Diluted (loss) earnings per share:
Loss (income) from continuing operations$(49.7)$84.6 $129.3 
Loss (income) from discontinued operations, net of tax(0.8)0.8 453.3 
Net (loss) income$(50.5)$85.4 $582.6 
Weighted average number of shares outstanding52.0 32.0 32.0 
Effect of dilutive securities:
Restricted stock(1)
— 0.2 0.1 
Total shares and dilutive securities52.0 32.2 32.1 
Diluted earnings per share from:
Continuing operations$(0.96)$2.63 $4.02 
Discontinued operations(0.02)0.02 14.11 
Net (loss) income$(0.98)$2.65 $18.13 
Restricted stock shares with anti-dilutive effect excluded from the computation of diluted earnings per share(1)
0.2 — — 

Historical Timeline

Fiscal YearFiled
2025Mar 2, 2026Showing above
2024Feb 28, 2025
2023Feb 23, 2024
2022Feb 23, 2023
2021Feb 24, 2022
2020Feb 25, 2021
2019Mar 2, 2020
2018Feb 28, 2019
2017Feb 28, 2018
2016Feb 28, 2017
2015Feb 29, 2016

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.