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Earnings Per Share

12 Months Ended

Dec. 31, 2024

Earnings per share were calculated as follows:


	Year Ended December 31,
(in millions, except per share data)	2024		2023		2022
Net income - basic and diluted	$	341.3	$	249.7	$	154.5
Weighted-average common shares outstanding:
Basic	100.4		97.7		95.8
Effect of dilutive securities	3.3		3.3		3.1
Diluted	103.7		101.0		98.9
Earnings per share:
Basic	$	3.40	$	2.56	$	1.61
Diluted	$	3.29	$	2.47	$	1.56

Shares which have been excluded from diluted per share amounts because their effect would have been anti-dilutive were 2.4 million for 2024, 4.7 million for 2023, and 4.6 million for 2022.