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Earnings Per Share
3 Months Ended
Mar. 31, 2025
Earnings Per Share [Abstract]  
Earnings Per Share Earnings Per Share
Basic earnings per share is computed by dividing net income by the weighted average number of common shares outstanding for the period. Diluted earnings per share is computed using the weighted average number of common shares outstanding and, when dilutive, common share equivalents. The computation of basic and diluted earnings per share was as follows:
Three Months Ended March 31,
(in millions, except share and per share data)
20252024
Net income
$35.4 $51.5 
    Add back interest expense, net of tax
1.8 2.6 
Net income, diluted
$37.2 $54.1 
Weighted average number of common shares outstanding, basic (in thousands)70,272 69,957 
Convertible Notes
3,479 3,528 
Restricted stock units
231 82 
Stock options
129 174 
Weighted average number of common shares outstanding, diluted (in thousands)
74,111 73,741 
Earnings per share
    Basic
$0.50 $0.74 
    Diluted
$0.50 $0.73 
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 March 31,
 (in thousands)
20252024
Restricted stock units
422 459 
Stock options
138 213 
Total560 672