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Earnings Per Share | 6 Months Ended
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Jun. 30, 2024
Earnings Per Share [Abstract] |
Earnings Per Share | Earnings Per Share The reconciliation of basic and diluted earnings per share on common stock for the second quarter and June year-to-date 2024 and 2023 follows (in millions of dollars except per share data):
| Second Quarter |  | June Year to Date
| 2024 |  | 2023 |  | 2024 |  | 2023
Net earnings | $ | 4.6 |  |  | $ | 7.5 |  |  | $ | 30.4 |  |  | $ | 18.4 |
Less: earnings allocated to participating securities | (0.1) |  |  | (0.2) |  |  | (0.7) |  |  | (0.4) |
Net earnings available to common shareholders | $ | 4.5 |  |  | $ | 7.3 |  |  | $ | 29.7 |  |  | $ | 18.0 |
Average shares outstanding (millions): |  |  |  |  |  |  |
Basic | 35.5 |  |  | 36.0 |  |  | 35.5 |  |  | 36.5 |
Dilutive share awards | 0.4 |  |  | 0.4 |  |  | 0.4 |  |  | 0.4 |
Diluted | 35.9 |  |  | 36.4 |  |  | 35.9 |  |  | 36.9 |
Basic earnings per share | $ | 0.13 |  |  | $ | 0.20 |  |  | $ | 0.84 |  |  | $ | 0.49 |
Diluted earnings per share | $ | 0.12 |  |  | $ | 0.20 |  |  | $ | 0.83 |  |  | $ | 0.49 |
Potentially dilutive share awards are related to deferred common stock related to the non-employee directors deferred compensation plan and performance shares for the second quarter and June year-to-date 2024 and 2023 (see Stock-Based Compensation footnote for a description of performance shares). Dividends paid per share for Class A and Class B common stock were $0.075 for the second quarter of 2024 and 2023 and $0.15 for June year-to-date 2024 and 2023. In November 2022, the Company's board of directors authorized a $50.0 million Class A share repurchase program, which was completed in August 2023. The Company repurchased 982,565 shares for $16.5 million during the second quarter of 2023 and 2,082,293 shares for $34.8 million through June year-to-date 2023. A total of 2,971,471 shares were repurchased under the share repurchase program at an average price of $16.83 per share.

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