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Net Income per Common Share
 3 Months Ended
Mar. 31, 2018
Earnings Per Share [Abstract]  
Net Income Per Common Share

Note 2 — Net Income per Common Share

 

 

 

Quarter Ended March 31,

 

(In millions, except per share data)

 

2018

 

 

2017

 

Basic net income per common share:

 

 

 

 

 

 

 

 

Net income

 

$

61.6

 

 

$

64.6

 

Weighted average common shares outstanding

 

 

90.0

 

 

 

91.4

 

 

 

 

 

 

 

 

 

 

Basic net income per common share

 

$

0.68

 

 

$

0.71

 

 

 

 

 

 

 

 

 

 

Diluted net income per common share:

 

 

 

 

 

 

 

 

Net income

 

 

61.6

 

 

 

64.6

 

 

 

 

 

 

 

 

 

 

Weighted average common shares outstanding — Basic

 

 

90.0

 

 

 

91.4

 

Plus incremental shares from assumed conversions:

 

 

 

 

 

 

 

 

Restricted stock units

 

 

0.5

 

 

 

0.5

 

Stock options

 

 

0.7

 

 

 

1.0

 

Weighted average common shares outstanding — Dilutive

 

 

91.2

 

 

 

92.9

 

 

 

 

 

 

 

 

 

 

Diluted net income per common share

 

$

0.68

 

 

$

0.70

 

 

Total shares underlying stock options of $0.2 million were excluded from the computation of diluted net income per share for the three months ended March 31, 2018, and March 31, 2017, as they were anti-dilutive.