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EARNINGS PER SHARE (Tables)
3 Months Ended
Mar. 31, 2024
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, 2024 and 2023 (in millions, except per share data):

Three Months Ended
March 31, 

    

2024

    

2023

Basic earnings per share numerator:

Net income

$

209.5

$

173.4

Net income allocated to participating securities

 

(1.2)

 

(0.8)

Net income allocated to common stockholders

$

208.3

$

172.6

Basic earnings per share denominator:

Weighted average shares outstanding

105.6

105.9

Basic earnings per share

$

1.97

$

1.63

Diluted earnings per share numerator:

Net income

$

209.5

$

173.4

Net income allocated to participating securities

 

(1.2)

 

(0.8)

Net income allocated to common stockholders

$

208.3

$

172.6

Diluted earnings per share denominator:

Weighted average shares outstanding

105.6

105.9

Dilutive common shares issued under stock program

0.5

0.3

Total dilutive weighted average shares

106.1

106.2

Diluted earnings per share

$

1.96

$

1.63