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Net Income Per Share of Class A and Class B Common Stock (Tables) | 6 Months Ended
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Jun. 30, 2019
Earnings Per Share [Abstract] |
Schedule of Earnings Per Share, Basic and Diluted | Following is a reconciliation of net income and weighted average shares used for our basic earnings per share (“EPS”) and diluted EPS (in millions, except per share amounts):
Three Months Ended June 30, |  | 2019 |  | 2018
(in millions, except per share data) |  | Class A |  | Class B |  | Class A |  | Class B
Net income applicable to common stockholders - basic |  | $ | 59.8 |  |  | $ | 2.1 |  |  | $ | 58.2 |  |  | $ | 2.5 |
Reallocation of net income due to conversion of Class B to Class A common shares outstanding |  | 0.2 |  |  | — |  |  | 0.3 |  |  | — |
Conversion of Class B common shares into Class A common shares |  | 1.9 |  |  | — |  |  | 2.2 |  |  | — |
Net income applicable to common stockholders - diluted |  | $ | 61.9 |  |  | $ | 2.1 |  |  | $ | 60.7 |  |  | $ | 2.5 |
Weighted average common shares outstanding – basic |  | 22.6 |  |  | 0.8 |  |  | 23.8 |  |  | 1.0 |
Conversion of Class B common shares into Class A common shares |  | 0.8 |  |  | — |  |  | 1.0 |  |  | — |
Effect of dilutive stock options on weighted average common shares |  | 0.1 |  |  | — |  |  | 0.1 |  |  | — |
Weighted average common shares outstanding – diluted |  | 23.5 |  |  | 0.8 |  |  | 24.9 |  |  | 1.0 |
Net income per common share - basic |  | $ | 2.65 |  |  | $ | 2.65 |  |  | $ | 2.45 |  |  | $ | 2.45 |
Net income per common share - diluted |  | $ | 2.63 |  |  | $ | 2.63 |  |  | $ | 2.44 |  |  | $ | 2.44 |
The effect of antidilutive securities on Class A and Class B common stock was evaluated for the three-month periods ended June 30, 2019, and 2018 and was determined to be immaterial.
Six Months Ended June 30, |  | 2019 |  | 2018
(in millions, except per share data) |  | Class A |  | Class B |  | Class A |  | Class B
Net income applicable to common stockholders - basic |  | $ | 114.2 |  |  | $ | 4.1 |  |  | $ | 108.2 |  |  | $ | 4.5 |
Reallocation of net income due to conversion of Class B to Class A common shares outstanding |  | 0.5 |  |  | — |  |  | 0.6 |  |  | — |
Conversion of Class B common shares into Class A common shares |  | 3.6 |  |  | — |  |  | 3.9 |  |  | — |
Net income applicable to common stockholders - diluted |  | $ | 118.3 |  |  | $ | 4.1 |  |  | $ | 112.7 |  |  | $ | 4.5 |
Weighted average common shares outstanding – basic |  | 22.4 |  |  | 0.8 |  |  | 23.9 |  |  | 1.0 |
Conversion of Class B common shares into Class A common shares |  | 0.8 |  |  | — |  |  | 1.0 |  |  | — |
Effect of employee stock purchases and restricted stock units on weighted average common shares |  | 0.1 |  |  | — |  |  | 0.1 |  |  | — |
Weighted average common shares outstanding – diluted |  | 23.3 |  |  | 0.8 |  |  | 25.0 |  |  | 1.0 |
Net income per common share - basic |  | $ | 5.10 |  |  | $ | 5.10 |  |  | $ | 4.52 |  |  | $ | 4.52 |
Net income per common share - diluted |  | $ | 5.08 |  |  | $ | 5.08 |  |  | $ | 4.50 |  |  | $ | 4.50 |

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- Definition Tabular disclosure of an entity's basic and diluted earnings per share calculations, including a reconciliation of numerators and denominators of the basic and diluted per-share computations for income from continuing operations. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6371337&loc=d3e3550-109257 + Details
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