Net Income Per Common Share

6 Months Ended

Jun. 30, 2025

Note 2 — Net Income Per Common Share


	Quarter Ended June 30,				Six Months Ended June 30,
(In millions, except per share data)	2025		2024		2025		2024
Basic net income per common share:
Net income	$	13.5	$	50.0	$	42.4	$	86.5
Weighted average common shares outstanding		80.2		82.5		80.7		83.2

Basic net income per common share	$	0.17	$	0.61	$	0.53	$	1.04

Diluted net income per common share:
Net income	$	13.5	$	50.0		42.4		86.5

Weighted average common shares outstanding — Basic		80.2		82.5		80.7		83.2
Plus incremental shares from assumed conversions:
Restricted stock units		0.3		0.4		0.3		0.4
Stock options		0.1		0.3		0.2		0.4
Weighted average common shares outstanding — Dilutive		80.6		83.2		81.1		84.0

Diluted net income per common share	$	0.17	$	0.60	$	0.52	$	1.03

Total common stock equivalents of 1.2 million and 0.5 million were excluded from the computation of diluted net income per share for the quarters ended June 30, 2025 and 2024, respectively, because to include would have been anti-dilutive. 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 six months ended June 30, 2025 and 2024, respectively, because to include would have been anti-dilutive.