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Net Income Per Common Share
12 Months Ended
Dec. 31, 2024
Earnings Per Share [Abstract]  
Net Income Per Common Share

Note 14 — Net Income Per Common Share

Computations of basic and diluted net income per common share for the years ended December 31, 2024, 2023 and 2022, are as follows:

 

(In millions, except per share data)

 

2024

 

 

2023

 

 

2022

 

Basic net income per common share:

 

 

 

 

 

 

 

 

 

Net income

 

$

132.1

 

 

$

105.7

 

 

$

126.3

 

Weighted average common shares outstanding

 

 

82.3

 

 

 

84.6

 

 

 

84.4

 

Basic net income per common share

 

$

1.61

 

 

$

1.25

 

 

$

1.50

 

 

 

 

 

 

 

 

 

 

Diluted net income per common share:

 

 

 

 

 

 

 

 

 

Weighted average common shares outstanding — Basic

 

 

82.3

 

 

 

84.6

 

 

 

84.4

 

Plus incremental shares from assumed conversions:

 

 

 

 

 

 

 

 

 

Restricted stock units

 

 

0.4

 

 

 

0.5

 

 

 

0.4

 

Stock options

 

 

0.3

 

 

 

0.4

 

 

 

0.2

 

Weighted average common shares outstanding — Dilutive

 

 

83.0

 

 

 

85.5

 

 

 

85.0

 

Dilutive net income per common share

 

$

1.59

 

 

$

1.24

 

 

$

1.49

 

 

 

 

 

 

 

 

 

 

Anti-dilutive shares outstanding, excluded from computation

 

 

0.9

 

 

 

0.3

 

 

 

0.8