XML 37 R27.htm IDEA: XBRL DOCUMENT

STOCKHOLDERS' EQUITY (Tables)

6 Months Ended

Jun. 30, 2023

STOCKHOLDERS' EQUITY

Schedule of computation of diluted weighted average number of common shares outstanding

(in millions)		Three Months Ended June 30,								Six Months Ended June 30,
		2023				2022				2023				2022
Computation of diluted earnings:
Net income	$	86.1			$	57.3			$	106.2			$	65.5
Add: Interest expense from assumed conversion of convertible notes, net of tax		1.1				1.1				2.0				2.1
Net income for diluted earnings per share calculation	$	87.2			$	58.4			$	108.2			$	67.6

Computation of diluted weighted average shares outstanding:
Basic weighted average shares outstanding		49,637,589				50,394,610				49,724,478				50,726,281
Incremental shares from assumed exercise of stock options and vesting of restricted stock units		452,008				590,486				412,223				625,625
Incremental shares from assumed conversion of convertible debt		2,781,818				2,781,818				2,781,818				2,781,818
Diluted weighted average shares outstanding		52,871,415				53,766,914				52,918,519				54,133,724