Net Income Per Common Share

3 Months Ended

Mar. 31, 2022

NET INCOME PER COMMON SHARE

Basic net income per common share excludes the dilutive impact of potentially dilutive securities and is computed by dividing net income by the weighted average number of common shares outstanding for the period. Diluted net income per common share includes the effect of potential dilution from the hypothetical exercise of outstanding stock options and vesting of restricted stock units and performance share units. A reconciliation of our basic and diluted net income per common share is as follows:


	Three Months Ended March 31,
(In millions, except per share data)		2022		2021
Net income to common shareholders		$	41.5	$	15.2
Basic weighted average shares outstanding		224.7		233.9
Diluted weighted average shares outstanding		225.2		234.7
Net income per common share:
Basic net income per share		$	0.18	$	0.06
Diluted net income per share		$	0.18	$	0.06

The number of anti-dilutive shares that have been excluded in the computation of diluted net income per share for the three months ended March 31, 2022 and 2021 were 1.0 million and 1.5 million, respectively.