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STOCKHOLDERS' EQUITY (Tables)

9 Months Ended

Sep. 30, 2023

STOCKHOLDERS' EQUITY

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

(in millions)		Three Months Ended September 30,								Nine Months Ended September 30,
		2023				2022				2023				2022
Computation of diluted earnings:
Net income	$	104.2			$	97.8			$	210.4			$	163.3
Add: Interest expense from assumed conversion of convertible notes, net of tax		1.1				1.1				3.1				3.3
Net income for diluted earnings per share calculation	$	105.3			$	98.9			$	213.5			$	166.6
Computation of diluted weighted average shares outstanding:
Basic weighted average shares outstanding		48,406,473				49,583,317				49,285,143				50,345,293
Incremental shares from assumed exercise of stock options and vesting of restricted stock units		282,312				386,169				379,331				561,689
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		51,470,603				52,751,304				52,446,292				53,688,800

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- Definition

Tabular disclosure of the weighted average number of shares used in calculating basic net earnings per share (or unit) and diluted earnings per share (or unit).

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 50
-Paragraph 1
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482662/260-10-50-1

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- References

No definition available.

+ Details

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