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Net Income Per Share | 6 Months Ended
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Jun. 30, 2025
Earnings Per Share [Abstract] |
Net Income Per Share | Net Income Per Share The following table reconciles the shares used in the calculation of basic net income per share to those used for diluted net income per share:
| Three Months Ended June 30, |  | Six Months Ended June 30,
($ in millions) | 2025 |  | 2024 |  | 2025 |  | 2024
Net income | $ | 131.8 |  |  | $ | 111.3 |  |  | $ | 221.6 |  |  | $ | 226.6 |
Weighted average common shares outstanding | 72.2 |  |  | 73.0 |  |  | 72.3 |  |  | 73.3 |
Dilutive effect of equity awards, based on the treasury stock method | 0.3 |  |  | 0.7 |  |  | 0.5 |  |  | 0.7 |
Weighted average shares assuming dilution | 72.5 |  |  | 73.7 |  |  | 72.8 |  |  | 74.0 |
During the three months ended June 30, 2025 and 2024, there were 0.4 million and 0.3 million shares, respectively, from stock-based compensation plans not included in the computation of diluted net income per share because their impact was antidilutive. There were 0.4 million and 0.3 million antidilutive shares outstanding during the six months ended June 30, 2025 and 2024, respectively. In February 2023, the Board of Directors approved a share repurchase program under which the Company was able repurchase up to $1.0 billion in shares of common stock. This program was completed during January 2025. In December 2024, the Board of Directors approved a share repurchase program under which the Company was able to repurchase up to 550,000 shares of common stock on the open market or in privately-negotiated transactions. The number of shares to be repurchased and the timing of such transactions depended on a variety of factors, including market conditions. This program was completed during April 2025. The below table summarizes the details of the Company's repurchases of common stock under these programs:
| Three Months Ended June 30, |  | Six Months Ended June 30,
| 2025 |  | 2024 |  | 2025 |  | 2024
Shares repurchased | 2,312 |  |  | 509,336 |  |  | 552,593 |  |  | 1,239,015 |
Total cost of repurchases ($ in millions) | $ | 0.5 |  |  | $ | 187.1 |  |  | $ | 134.0 |  |  | $ | 454.1 |
Average price per repurchased share | $ | 222.56 |  |  | $ | 367.48 |  |  | $ | 242.55 |  |  | $ | 366.53 |

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