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Net Income Per Common Share
 3 Months Ended
Mar. 31, 2025
Earnings Per Share [Abstract]  
Net Income Per Common Share

Note 2 — Net Income Per Common Share

 

 

 

Quarter Ended March 31,

 

(In millions, except per share data)

 

2025

 

 

2024

 

Basic net income per common share:

 

 

 

 

 

 

Net income

 

$

28.9

 

 

$

36.5

 

Weighted average common shares outstanding

 

 

81.1

 

 

 

83.9

 

 

 

 

 

 

 

 

Basic net income per common share

 

$

0.36

 

 

$

0.44

 

 

 

 

 

 

 

 

Diluted net income per common share:

 

 

 

 

 

 

Net income

 

$

28.9

 

 

$

36.5

 

 

 

 

 

 

 

 

Weighted average common shares outstanding — Basic

 

 

81.1

 

 

 

83.9

 

Plus incremental shares from assumed conversions:

 

 

 

 

 

 

Restricted stock units

 

 

0.4

 

 

 

0.5

 

Stock options

 

 

0.2

 

 

 

0.4

 

Weighted average common shares outstanding — Dilutive

 

 

81.7

 

 

 

84.8

 

 

 

 

 

 

 

 

Diluted net income per common share

 

$

0.35

 

 

$

0.43

 

 

Total common stock equivalents of 1.1 million and 0.4 million were excluded from the computation of diluted net income per share for the three months ended March 31, 2025 and 2024, respectively, because to include would have been anti-dilutive.