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EARNINGS PER SHARE (Tables) | 9 Months Ended
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Sep. 30, 2023
Earnings Per Share [Abstract] |
Schedule of Calculation of Earnings Per Share | The following table sets forth the calculation of EPS (in millions, except share and per share data):
|  | Three Months Ended September 30, |  | Nine Months Ended September 30,
|  | 2023 |  | 2022 |  | 2023 |  | 2022
Weighted average basic common shares outstanding |  | 13,661,059 |  |  | 15,189,333 |  |  | 13,765,791 |  |  | 15,886,739 |
Dilutive effect of stock-based awards and employee stock purchases |  | 57,669 |  |  | 59,115 |  |  | 50,404 |  |  | 57,145 |
Weighted average dilutive common shares outstanding |  | 13,718,728 |  |  | 15,248,448 |  |  | 13,816,194 |  |  | 15,943,883 |
Basic: |  |  |  |  |  |  |  |
Net income |  | $ | 163.9 |  |  | $ | 195.7 |  |  | $ | 492.9 |  |  | $ | 594.6 |
Less: Earnings allocated to participating securities from continuing operations |  | 4.0 |  |  | 5.5 |  |  | 12.3 |  |  | 16.8 |
Less: Loss allocated to participating securities to discontinued operations |  | — |  |  | — |  |  | — |  |  | (0.1) |
Net income available to basic common shares |  | $ | 159.9 |  |  | $ | 190.3 |  |  | $ | 480.6 |  |  | $ | 577.9 |
Basic earnings per common share |  | $ | 11.70 |  |  | $ | 12.53 |  |  | $ | 34.91 |  |  | $ | 36.38 |
Diluted: |  |  |  |  |  |  |  |
Net income |  | $ | 163.9 |  |  | $ | 195.7 |  |  | $ | 492.9 |  |  | $ | 594.6 |
Less: Earnings allocated to participating securities from continuing operations |  | 4.0 |  |  | 5.4 |  |  | 12.2 |  |  | 16.7 |
Less: Loss allocated to participating securities to discontinued operations |  | — |  |  | — |  |  | — |  |  | (0.1) |
Net income available to diluted common shares |  | $ | 159.9 |  |  | $ | 190.3 |  |  | $ | 480.6 |  |  | $ | 578.0 |
Diluted earnings per common share |  | $ | 11.65 |  |  | $ | 12.48 |  |  | $ | 34.79 |  |  | $ | 36.25 |

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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://www.xbrl.org/2009/role/commonPracticeRef -Topic 260 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482662/260-10-50-1 + Details
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