Net Income Per Common Share

6 Months Ended

Jun. 30, 2018

The following table presents the calculation of net income per common share on a basic and diluted basis:



	For the Three Months Ended June 30,				For the Six Months Ended June 30,
(in millions, except number of shares and per share amounts)	2018		2017		2018		2017
Net income	$	41.8	$	46.0	$	66.6	$	82.7
Weighted average common shares outstanding - basic	33,938,509		34,731,866		33,903,809		34,643,594
Effect of dilutive securities:
Equity compensation awards	730,409		973,618		801,002		1,001,046
Weighted average common shares outstanding - diluted	34,668,918		35,705,484		34,704,811		35,644,640
Net income per common share:
Basic	$	1.23	$	1.32	$	1.96	$	2.39
Diluted	$	1.20	$	1.29	$	1.92	$	2.32

Excluded from the weighted average common shares outstanding calculation at June 30, 2018 and 2017 are 11,129,540 shares and 10,075,255 shares, respectively, which are held as treasury shares. The shares are excluded as of their repurchase date. For both the three and six months ended June 30, 2018 and 2017, there were no equity compensation awards with an anti-dilutive effect.