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Net Income per Share (Tables)
3 Months Ended
Mar. 31, 2020
Earnings Per Share [Abstract]  
Schedule of Numerators and Denominators of Basic and Diluted Net Income per Share Computations The numerators and denominators of the basic and diluted net income per share computations were calculated as follows:

 

 

Three Months Ended March 31,

 

 

 

2020

 

 

2019

 

 

 

(Dollars in millions, except share and per share data)

 

Numerator:

 

 

 

 

 

 

 

 

Net income

 

$

8.6

 

 

$

11.2

 

 

 

 

 

 

 

 

 

 

Denominator:

 

 

 

 

 

 

 

 

Weighted-average shares outstanding - basic

 

 

144,645,325

 

 

 

140,149,271

 

Effect of dilutive equity instruments

 

 

6,533,173

 

 

 

6,892,957

 

Weighted-average shares outstanding - diluted

 

 

151,178,498

 

 

 

147,042,228

 

 

 

 

 

 

 

 

 

 

Net income per share - basic

 

$

0.06

 

 

$

0.08

 

Net income per share - diluted

 

$

0.06

 

 

$

0.08

 

 

Schedule of Potentially Dilutive Weighted Average Shares Excluded from Calculation of Diluted Net Income per Share

The following potentially dilutive weighted-average shares were excluded from the calculation of diluted net income per share because their effect would have been anti-dilutive:

 

 

 

Three Months Ended March 31,

 

 

 

2020

 

 

2019

 

Stock options

 

 

121,381

 

 

 

1,059,230

 

Restricted stock units

 

 

21,869