Net Income Per Common Share

9 Months Ended

Sep. 30, 2015

Net Income Per Common Share [Abstract]

Net Income Per Common Share

2.NET INCOME PER COMMON SHARE

Net income per basic common share was calculated by dividing net income by the weighted-average common shares outstanding. Net income per diluted common share was calculated using the treasury stock method and reflects the dilutive effects of stock awards and potential exercises of dilutive outstanding stock options. Diluted weighted-average common shares outstanding does not include stock options with an option exercise price greater than the average market price because they are antidilutive and inclusion would increase net income per common share.

The following table sets forth the calculation of net income per basic and diluted weighted-average common shares outstanding:

		Three Months Ended				Nine Months Ended
		September 30,				September 30,
		2015		2014		2015		2014
Net income (In millions)		$	55.2	$	69.8	$	176.0	$	158.7
Basic weighted-average common shares outstanding			42,322,478		42,777,337		42,234,656		43,324,269
Stock options			560,694		362,634		459,113		372,615
Stock awards			166,878		44,199		174,216		39,948
Diluted weighted-average common shares outstanding			43,050,050		43,184,170		42,867,985		43,736,832
Net income per common share:
	Basic	$	1.30	$	1.63	$	4.17	$	3.66
	Diluted		1.28		1.62		4.11		3.63
Antidilutive shares not included in net income per diluted common
	share calculation		---		150,475		---		54,986