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EARNINGS PER SHARE (Tables)

6 Months Ended

Jun. 30, 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 and six months ended June 30, 2024 and 2023 (in millions, except per share data):


		Three Months Ended June 30,						Six Months Ended June 30,
		2024			2023			2024			2023
Basic earnings per share numerator:
Net income		$	140.4		$	167.8		$	349.9		$	341.2
Net income allocated to participating securities			(0.7)			(0.8)			(1.9)			(1.6)
Net income allocated to common stockholders		$	139.7		$	167.0		$	348.0		$	339.6
Basic earnings per share denominator:
Weighted average shares outstanding			105.1			105.7			105.4			105.8
Basic earnings per share		$	1.33		$	1.58		$	3.30		$	3.21

Diluted earnings per share numerator:
Net income		$	140.4		$	167.8		$	349.9		$	341.2
Net income allocated to participating securities			(0.7)			(0.8)			(1.9)			(1.6)
Net income allocated to common stockholders		$	139.7		$	167.0		$	348.0		$	339.6
Diluted earnings per share denominator:
Weighted average shares outstanding			105.1			105.7			105.4			105.8
Dilutive common shares issued under stock program			0.3			0.4			0.4			0.3
Total dilutive weighted average shares			105.4			106.1			105.8			106.1
Diluted earnings per share		$	1.33		$	1.57		$	3.29		$	3.20