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Net Income Per Share (Tables)
9 Months Ended
Sep. 30, 2021
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 September 30,

 

 

Nine Months Ended September 30,

 

 

 

2021

 

 

2020

 

 

2021

 

 

2020

 

Numerator:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net income

 

$

132.4

 

 

$

91.7

 

 

$

401.2

 

 

$

234.5

 

Denominator:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Shares used in net income per common share – basic

 

 

55.5

 

 

 

55.2

 

 

 

55.4

 

 

 

55.1

 

Effect of dilutive securities:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Restricted stock units and stock appreciation rights

 

 

0.2

 

 

 

0.2

 

 

 

0.3

 

 

 

0.2

 

Shares used in net income per common share – diluted

 

 

55.7

 

 

 

55.4

 

 

 

55.7

 

 

 

55.3

 

Net income per common share:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Basic

 

$

2.39

 

 

$

1.66

 

 

$

7.24

 

 

$

4.26

 

Diluted

 

$

2.38

 

 

$

1.66

 

 

$

7.21

 

 

$

4.24