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Earnings Per Common Share | 12 Months Ended
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Dec. 31, 2024
Earnings Per Share [Abstract] |
Earnings Per Common Share | Earnings Per Common Share The following table sets forth the components of the numerator and denominator for the computation of basic and diluted earnings per share for net income attributable to Somnigroup:
| Year Ended December 31,
(in millions, except per common share amounts) | 2024 |  | 2023 |  | 2022
Numerator: |  |  |  |  |
Net income from continuing operations, net of income attributable to non-controlling interest | $ | 384.3 |  |  | $ | 368.1 |  |  | $ | 456.1 |
Denominator: |  |  |  |  |
Denominator for basic earnings per common share—weighted average shares | 173.6 |  |  | 172.2 |  |  | 174.9 |
Effect of dilutive securities: |  |  |  |  |
Employee stock-based compensation | 4.6 |  |  | 5.1 |  |  | 5.4 |
Denominator for diluted earnings per common share—adjusted weighted average shares | 178.2 |  |  | 177.3 |  |  | 180.3 |
Basic earnings per common share for continuing operations | $ | 2.21 |  |  | $ | 2.14 |  |  | $ | 2.61 |
Diluted earnings per common share for continuing operations | $ | 2.16 |  |  | $ | 2.08 |  |  | $ | 2.53 |
For the years ended December 31, 2024 and 2023, the Company excluded an insignificant number of shares from the diluted earnings per common share computation because their exercise price was greater than the average market price of Somnigroup's common stock or they were otherwise anti-dilutive. For the year ended December 31, 2022, the Company excluded 1.2 million shares from the diluted earnings per common share computation because their exercise price was greater than the average market price of Somnigroup's common stock or they were otherwise anti-dilutive, respectively. Holders of non-vested stock-based compensation awards do not have voting rights but do participate in dividend equivalents distributed upon award vesting.

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