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Net Income Per Share (Tables)
12 Months Ended
Dec. 31, 2020
Earnings Per Share [Abstract]  
Computation of Basic and Diluted Net Income Per Share

The following is a reconciliation of basic to diluted net income per share:

 

 

 

Years Ended December 31,

 

Numerator:

 

2020

 

 

2019

 

 

2018

 

Net income

 

$

350.1

 

 

$

140.4

 

 

$

392.9

 

Denominator:

 

 

 

 

 

 

 

 

 

 

 

 

Shares used in net income per common share – basic

 

 

55,095,000

 

 

 

54,711,000

 

 

 

54,406,000

 

Effect of dilutive securities

 

 

255,000

 

 

 

400,000

 

 

 

586,000

 

Shares used in net income per common share – diluted

 

 

55,350,000

 

 

 

55,111,000

 

 

 

54,992,000

 

Net income per common share:

 

 

 

 

 

 

 

 

 

 

 

 

Basic

 

$

6.36

 

 

$

2.57

 

 

$

7.22

 

Diluted

 

$

6.33

 

 

$

2.55

 

 

$

7.14