EARNINGS PER SHARE

6 Months Ended

Jun. 30, 2025

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 June 30, 2025 and 2024.

The computations for basic and diluted earnings per share for the three and six months ended June 30, 2025 and 2024 are as follows:

	Three Months Ended June 30, 2025					Six Months Ended June 30, 2025
			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	$	94.7	32.1	$	2.95	$	167.0	32.5	$	5.14
Effect of Dilutive Securities			0.3		(0.03)			0.3		(0.05)
Diluted	$	94.7	32.4	$	2.92	$	167.0	32.8	$	5.09

	Three Months Ended June 30, 2024					Six Months Ended June 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	$	113.2	33.9	$	3.34	$	149.3	34.1	$	4.38
Effect of Dilutive Securities			0.3		(0.03)			0.4		(0.05)
Diluted	$	113.2	34.2	$	3.31	$	149.3	34.5	$	4.33