XML 67 R51.htm IDEA: XBRL DOCUMENT v3.22.1
EARNINGS PER SHARE (Tables)
3 Months Ended
Mar. 31, 2022
EARNINGS PER SHARE  
Reconciliation of basic and diluted net income per common share

The following table sets forth the computation of basic and diluted earnings per share for the three months ended March 31, 2022 and 2021 (in millions, except per share data):

Three Months Ended
March 31, 

    

2022

    

2021

Basic earnings per share numerator:

Net income

$

109.6

$

137.2

Earnings allocated to participating securities

 

(0.4)

 

(0.4)

Net income allocated to common stockholders

$

109.2

$

136.8

Basic earnings per share denominator:

Weighted average shares outstanding

106.6

107.3

Basic earnings per share

$

1.02

$

1.27

Diluted earnings per share numerator:

Net income

$

109.6

$

137.2

Earnings allocated to participating securities

 

(0.4)

 

(0.4)

Net income allocated to common stockholders

$

109.2

$

136.8

Diluted earnings per share denominator:

Weighted average shares outstanding

106.6

107.3

Dilutive potential common shares outstanding

0.2

0.1

Total dilutive weighted average shares

106.8

107.4

Diluted earnings per share

$

1.02

$

1.27