Net Income Per Common Share

9 Months Ended

Sep. 30, 2024

Note 2 — Net Income Per Common Share


	Quarter Ended September 30,				Nine Months Ended September 30,
(In millions, except per share data)	2024		2023		2024		2023
Basic net income per common share:
Net income	$	39.8	$	38.7	$	126.3	$	123.9
Weighted average common shares outstanding		81.5		84.6		82.6		84.6

Basic net income per common share	$	0.49	$	0.46	$	1.53	$	1.46

Diluted net income per common share:
Net income	$	39.8	$	38.7		126.3		123.9

Weighted average common shares outstanding — Basic		81.5		84.6		82.6		84.6
Plus incremental shares from assumed conversions:
Restricted stock units		0.4		0.6		0.4		0.5
Stock options		0.3		0.4		0.3		0.4
Weighted average common shares outstanding — Dilutive		82.1		85.6		83.3		85.5

Diluted net income per common share	$	0.49	$	0.45	$	1.52	$	1.45

Total common stock equivalents of 0.9 million and 0.2 million were excluded from the computation of diluted net income per share for the quarters ended September 30, 2024 and 2023, respectively, because to do so would have been anti-dilutive. Total common stock equivalents of 0.6 million and 0.3 million were excluded from the computation of diluted net income per share for the nine months ended September 30, 2024 and 2023, respectively, because to do so would have been anti-dilutive.