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Net Income Per Share (Tables)
6 Months Ended
Jun. 30, 2020
Earnings Per Share [Abstract]  
Computation of Basic and Diluted Net Income Per Share

The following table sets forth the computation of basic and diluted net income per share:

 

 

 

Three Months Ended June 30,

 

 

Six Months Ended June 30,

 

 

 

2020

 

 

2019

 

 

2020

 

 

2019

 

Numerator:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net income

 

$

73.7

 

 

$

37.7

 

 

$

142.8

 

 

$

50.2

 

Denominator:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Shares used in net income per common share – basic

 

 

55,089,000

 

 

 

54,815,000

 

 

 

55,004,000

 

 

 

54,481,000

 

Effect of dilutive securities:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Restricted stock units and stock appreciation rights

 

 

178,000

 

 

 

274,000

 

 

 

248,000

 

 

 

485,000

 

Shares used in net income per common share – diluted

 

 

55,267,000

 

 

 

55,089,000

 

 

 

55,252,000

 

 

 

54,966,000

 

Net income per common share:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Basic

 

$

1.34

 

 

$

0.69

 

 

$

2.60

 

 

$

0.92

 

Diluted

 

$

1.33

 

 

$

0.69

 

 

$

2.58

 

 

$

0.91