EARNINGS PER SHARE

12 Months Ended

Dec. 31, 2024

EARNINGS PER SHARE

EARNINGS PER SHARE

14.EARNINGS PER SHARE

Basic earnings per share are determined by dividing net income by the weighted-average common shares outstanding during the year. The calculation of diluted earnings per share includes the dilutive effect of unvested restricted stock units. The computation of weighted average common shares excluded a nominal amount of anti-dilutive restricted stock units for each of the years 2024, 2023 and 2022.

The computations for basic and diluted earnings per share for the years ended December 31, 2024, 2023 and 2022 are as follows:

	Year Ended December 31, 2024					Year Ended December 31, 2023					Year Ended December 31, 2022
			Weighted	Per				Weighted	Per				Weighted	Per
			Average	Common				Average	Common				Average	Common
	Net		Common	Share		Net		Common	Share		Net		Common	Share
(In millions, except per share amounts)	Income		Shares	Amount		Income		Shares	Amount		Income		Shares	Amount
Basic:	$	476.4	33.7	$	14.14	$	297.1	35.3	$	8.42	$	1,063.9	39.0	$	27.28
Effect of Dilutive Securities:		—	0.5		(0.21)		—	0.4		(0.10)		—	0.3		(0.21)
Diluted:	$	476.4	34.2	$	13.93	$	297.1	35.7	$	8.32	$	1,063.9	39.3	$	27.07