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Net Income Per Share (Tables)
3 Months Ended
Mar. 31, 2020
Earnings Per Share [Abstract]  
Computation of Basic and Diluted Net Income Per Share

The following table sets forth the computation of basic and diluted net income per share:

 

 

 

Three Months Ended March 31,

 

 

 

2020

 

 

2019

 

Numerator:

 

 

 

 

 

 

 

 

Net income

 

$

69.1

 

 

$

12.5

 

Denominator:

 

 

 

 

 

 

 

 

Shares used in net income per common share – basic

 

 

54,918,000

 

 

 

54,147,000

 

Effect of dilutive securities:

 

 

 

 

 

 

 

 

Restricted stock units, stock appreciation rights and shares issued under employee stock purchase plan

 

 

318,000

 

 

 

701,000

 

Shares used in net income per common share – diluted

 

 

55,236,000

 

 

 

54,848,000

 

Net income per common share:

 

 

 

 

 

 

 

 

Basic

 

$

1.26

 

 

$

0.23

 

Diluted

 

$

1.25

 

 

$

0.23