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Earnings Per Share (Tables) | 9 Months Ended
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Sep. 30, 2024
Earnings Per Share [Abstract] |
Schedule of Weighted-average Number of Common Shares Used in the Computation of Basic and Diluted Earnings Per Share | The computation of basic and diluted earnings per share was as follows:
| Three Months Ended September 30, |  | Nine Months Ended September 30,
(in millions, except share and per share data) | 2024 |  | 2023 |  | 2024 |  | 2023
Net income | $ | 77.5 |  |  | $ | 51.9 |  |  | $ | 317.6 |  |  | $ | 103.0 |
Add back interest expense, net of tax | 2.3 |  |  | 2.5 |  |  | 7.1 |  |  | — |
Net income, diluted | $ | 79.8 |  |  | $ | 54.4 |  |  | $ | 324.7 |  |  | $ | 103.0 |
Weighted average number of common shares outstanding, basic (in thousands) | 70,123 |  |  | 69,823 |  |  | 70,047 |  |  | 69,715 |
Convertible Notes | 3,528 |  |  | 3,528 |  |  | 3,528 |  |  | — |
Stock options | 160 |  |  | 237 |  |  | 157 |  |  | 317 |
Restricted stock units | 140 |  |  | 36 |  |  | 98 |  |  | 79 |
Weighted average number of common shares outstanding, diluted (in thousands) | 73,951 |  |  | 73,624 |  |  | 73,830 |  |  | 70,111 |
Earnings per share |  |  |  |  |  |  |
Basic | $ | 1.11 |  |  | $ | 0.74 |  |  | $ | 4.53 |  |  | $ | 1.48 |
Diluted | $ | 1.08 |  |  | $ | 0.74 |  |  | $ | 4.40 |  |  | $ | 1.47 |
Schedule of Antidilutive Securities | The number of common share equivalents excluded from the computation of diluted earnings per share because either the effect would have been anti-dilutive, or the performance criteria related to the units had not yet been met, were as follows:
| Three Months Ended September 30, |  | Nine Months Ended September 30,
(in thousands) | 2024 |  | 2023 |  | 2024 |  | 2023
Convertible Notes | — |  |  | — |  |  | — |  |  | 3,528 |
Restricted stock units | 491 |  |  | 352 |  |  | 473 |  |  | 294 |
Stock options | 231 |  |  | 160 |  |  | 243 |  |  | 157 |
Total | 722 |  |  | 512 |  |  | 716 |  |  | 3,979 |

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- Definition Tabular disclosure of securities (including those issuable pursuant to contingent stock agreements) that could potentially dilute basic earnings per share (EPS) in the future that were not included in the computation of diluted EPS because to do so would increase EPS amounts or decrease loss per share amounts for the period presented, by antidilutive securities. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482662/260-10-50-1 + Details
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- Definition Tabular disclosure of the weighted average number of shares used in calculating basic net earnings per share (or unit) and diluted earnings per share (or unit). + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 50 -Paragraph 1 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482662/260-10-50-1 + Details
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