EARNINGS PER SHARE

9 Months Ended

Sep. 30, 2024

EARNINGS PER SHARE

EARNINGS PER SHARE

12.          EARNINGS PER SHARE

Basic earnings per share is determined by dividing net income by the weighted average common shares outstanding during the period. The calculation of diluted earnings per share includes the dilutive effect of non-vested restricted stock units. The computation of weighted average common shares outstanding excluded a nominal amount of anti-dilutive restricted stock units for each period ended September 30, 2024 and 2023.

The computations for basic and diluted earnings per share for the three and nine months ended September 30, 2024 and 2023 are as follows:

	Three Months Ended September 30, 2024					Nine Months Ended September 30, 2024
			Weighted	Per				Weighted	Per
			Average	Common				Average	Common
	Net		Common	Share		Net		Common	Share
(In millions, except per share amounts)	Income		Shares	Amount		Income		Shares	Amount
Basic	$	199.1	33.3	$	5.98	$	348.4	33.9	$	10.28
Effect of Dilutive Securities			0.5		(0.09)			0.5		(0.15)
Diluted	$	199.1	33.8	$	5.89	$	348.4	34.4	$	10.13

	Three Months Ended September 30, 2023					Nine Months Ended September 30, 2023
			Weighted	Per				Weighted	Per
			Average	Common				Average	Common
	Net		Common	Share		Net		Common	Share
(In millions, except per share amounts)	Income		Shares	Amount		Income		Shares	Amount
Basic	$	119.9	35.1	$	3.42	$	234.7	35.6	$	6.59
Effect of Dilutive Securities			0.2		(0.02)			0.2		(0.03)
Diluted	$	119.9	35.3	$	3.40	$	234.7	35.8	$	6.56