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Earnings Per Share
 3 Months Ended
Mar. 31, 2015
Earnings Per Share [Abstract]  
Earnings Per Share

NOTE 3 – EARNINGS PER SHARE

Basic earnings per share is based on the weighted average number of common shares outstanding during the period. Diluted earnings per share includes the effect of options that are dilutive and outstanding during the period. Per share amounts are computed as follows:

 

     Three Months Ended
March 31		  
     2015      2014  

Numerator (in millions):

      

Net income available to common stockholders

    $ 17.9       $ 16.9   
  

 

 

     

 

 

  

Denominator (in thousands):

Weighted average common shares outstanding

   24,301      24,362   

Dilutive effect of stock options and awards

   507      273   
  

 

 

     

 

 

  

Denominator for diluted earnings per share

   24,808      24,635   
  

 

 

     

 

 

  

Net income per share, basic:

 $ 0.74    $ 0.69   
  

 

 

     

 

 

  

Net income per share, diluted:

 $ 0.72    $ 0.69   
  

 

 

     

 

 

  

In the three months ended March 31, 2015, the average number of anti-dilutive options excluded from the calculation of diluted earnings per share were 33,734 (three months ended March 31, 2014 - 8,049).