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Earnings Per Share
 6 Months Ended
Jun. 30, 2025
Earnings Per Share [Abstract]  
Earnings Per Share

8. Earnings Per Share

The following are the computations for basic and diluted earnings per share (in millions, except share and per share amounts):

 

 

Three Months Ended
June 30,

 

 

Six Months Ended
June 30,

 

 

 

2025

 

 

2024

 

 

2025

 

 

2024

 

Net Income

 

$

204.8

 

 

$

168.6

 

 

$

317.0

 

 

$

348.0

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Weighted-average common shares outstanding:

 

 

 

 

 

 

 

 

 

 

 

 

Basic

 

 

64,532,356

 

 

 

65,531,669

 

 

 

64,663,506

 

 

 

65,630,571

 

Dilutive equity-based compensation awards

 

 

242,484

 

 

 

358,108

 

 

 

259,283

 

 

 

378,144

 

Diluted

 

 

64,774,840

 

 

 

65,889,777

 

 

 

64,922,789

 

 

 

66,008,715

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Earnings per common share:

 

 

 

 

 

 

 

 

 

 

 

 

Basic

 

$

3.17

 

 

$

2.57

 

 

$

4.90

 

 

$

5.30

 

Diluted

 

 

3.16

 

 

 

2.56

 

 

 

4.88

 

 

 

5.27

 

Shares not included in the computation of diluted earnings per share attributable to common shareholders because they would have been anti-dilutive were 30,965 and 31,271 for the three months ended June 30, 2025 and 2024, respectively, and 192,763 and 15,636 for the six months ended June 30, 2025 and 2024, respectively.