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Earnings Per Share
6 Months Ended
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 QuarterJune Year to Date
 2024202320242023
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):
Basic35.5 36.0 35.5 36.5 
Dilutive share awards0.4 0.4 0.4 0.4 
Diluted35.9 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.