Earnings Per Share

3 Months Ended

Mar. 31, 2025

10.

EARNINGS PER SHARE

Basic earnings per share is computed by dividing net income by the weighted average number of shares of common stock outstanding for the period. Diluted earnings per share is computed in a similar manner to basic earnings per share after assuming the issuance of shares of common stock for all potentially dilutive equity incentive awards using the treasury stock method.

The following is a reconciliation of net income and the shares of common stock used in the computation of basic and diluted earnings per share:


	Three Months Ended March 31,
	2025		2024
Numerator:
Net income	$	139.4	$	247.2
Denominator:
Basic weighted average shares outstanding (in thousands)		55,973		56,546
Dilutive effect of unvested restricted stock and restricted stock units (in thousands)		306		6
Diluted weighted average shares outstanding (in thousands)		56,279		56,552
Earnings per share:
Basic	$	2.49	$	4.37
Diluted	$	2.48	$	4.37