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Net Income Per Share (Tables)
9 Months Ended
Sep. 30, 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 September 30,

 

 

Nine Months Ended September 30,

 

 

 

2020

 

 

2019

 

 

2020

 

 

2019

 

Numerator:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net income

 

$

91.7

 

 

$

47.4

 

 

$

234.5

 

 

$

97.6

 

Denominator:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Shares used in net income per common share – basic

 

 

55,173,000

 

 

 

54,945,000

 

 

 

55,060,000

 

 

 

54,636,000

 

Effect of dilutive securities:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Restricted stock units and stock appreciation rights

 

 

226,000

 

 

 

259,000

 

 

 

241,000

 

 

 

409,000

 

Shares used in net income per common share – diluted

 

 

55,399,000

 

 

 

55,204,000

 

 

 

55,301,000

 

 

 

55,045,000

 

Net income per common share:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Basic

 

$

1.66

 

 

$

0.86

 

 

$

4.26

 

 

$

1.79

 

Diluted

 

$

1.66

 

 

$

0.86

 

 

$

4.24

 

 

$

1.77