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STOCKHOLDERS' EQUITY (Tables)
6 Months Ended
Jun. 30, 2025
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,

 

 

2025

 

 

2024

 

 

2025

 

 

2024

Computation of diluted earnings:

 

 

 

 

 

 

 

 

 

 

 

Net income

$

97.6

 

$

83.1

 

$

136.0

 

$

109.3

Add: Interest expense from assumed conversion of convertible notes, net of tax

 

0.1

 

 

1.0

 

 

1.0

 

 

2.0

Net income for diluted earnings per share calculation

$

97.7

 

$

84.1

 

$

137.0

 

$

111.3

 

 

 

 

 

 

 

 

 

 

 

 

Computation of diluted weighted average shares outstanding:

 

 

 

 

 

 

 

 

 

 

 

Basic weighted average shares outstanding

 

42,321,267

 

 

45,429,998

 

 

42,999,281

 

 

45,623,470

Incremental shares from assumed exercise of stock options and vesting of restricted stock units

 

457,241

 

 

488,454

 

 

330,406

 

 

423,354

Incremental shares from assumed conversion of convertible debt

 

176,123

 

 

2,781,818

 

 

1,188,445

 

 

2,781,818

Diluted weighted average shares outstanding

 

42,954,631

 

 

48,700,270

 

 

44,518,132

 

 

48,828,642