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Net Income Per Common Share (Tables)
6 Months Ended
Jun. 30, 2024
Earnings Per Share [Abstract]  
Summary of Earnings Per Share Basic and Diluted

 

 

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