Net Income Per Common Share

6 Months Ended

Jun. 30, 2024

Earnings Per Share [Abstract]

Net Income (Loss) Per Common Share

Note 2 — Net Income Per Common Share

	Quarter Ended June 30,				Six Months Ended June 30,
(In millions, except per share data)	2024		2023		2024		2023
Basic net income per common share:
Net income	$	50.0	$	42.5	$	86.5	$	85.2
Weighted average common shares outstanding		82.5		84.7		83.2		84.6
Basic net income per common share	$	0.61	$	0.50	$	1.04	$	1.01
Diluted net income per common share:
Net income	$	50.0	$	42.5		86.5		85.2
Weighted average common shares outstanding — Basic		82.5		84.7		83.2		84.6
Plus incremental shares from assumed conversions:
Restricted stock units		0.4		0.5		0.4		0.5
Stock options		0.3		0.4		0.4		0.4
Weighted average common shares outstanding — Dilutive		83.2		85.6		84.0		85.5
Diluted net income per common share	$	0.60	$	0.50	$	1.03	$	1.00

Total common stock equivalents of 0.5 million and 0.2 million were excluded from the computation of diluted net income per share for the quarters ended June 30, 2024 and 2023, respectively, because to do so would have been anti-dilutive. Total common stock equivalents of 0.4 million and 0.3 million were excluded from the computation of diluted net income per share for the six months ended June 30, 2024 and 2023, respectively, because to do so would have been anti-dilutive.