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Net Income per Common Share
12 Months Ended
Dec. 31, 2014
Earnings Per Share [Abstract]  
Net Income Per Common Share

 Note 11 - Net Income Per Common Share

Computations of basic and diluted net income per common share for the years ended December 31, 2014, 2013 and 2012, are as follows:

 

(In millions, except per share data)

 

2014

 

 

2013

 

 

2012

 

Net income

 

$

209.4

 

 

$

187.9

 

 

$

164.3

 

 

Basic net income per common share:

 

 

 

 

 

 

 

 

 

 

 

 

Weighted average common shares outstanding

 

 

96.8

 

 

 

100.0

 

 

 

100.2

 

 

Basic net income per common share

 

$

2.16

 

 

$

1.88

 

 

$

1.64

 

 

Diluted net income per common share:

 

 

 

 

 

 

 

 

 

 

 

 

Weighted average common shares outstanding — Basic

 

 

96.8

 

 

 

100.0

 

 

 

100.2

 

Plus incremental shares from assumed conversions:

 

 

 

 

 

 

 

 

 

 

 

 

Restricted stock units

 

 

0.7

 

 

 

0.7

 

 

 

0.8

 

Stock options

 

 

1.2

 

 

 

1.4

 

 

 

1.0

 

Weighted average common shares outstanding — Diluted

 

 

98.7

 

 

 

102.1

 

 

 

102.0

 

 

Diluted net income per common share

 

$

2.12

 

 

$

1.84

 

 

$

1.61

 

 

Anti-dilutive shares outstanding, excluded from computation

 

 

0.2

 

 

 

 

 

 

0.5