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Net Income Per Common Share (Tables)
12 Months Ended
Dec. 31, 2024
Earnings Per Share [Abstract]  
Summary of Earnings Per Share Basic and Diluted

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