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Earnings Per Share (Tables)
3 Months Ended
Mar. 31, 2025
Earnings Per Share [Abstract]  
Computation of Basic and Diluted Net Earnings Per Share

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