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Earnings Per Share (Tables)
12 Months Ended
Dec. 31, 2025
Earnings Per Share [Abstract]  
Reconciliation of Earnings to Earnings Attributable to Common Shares Used in Basic and Diluted Earnings (Loss) Per Share Calculation

The following table is a reconciliation of earnings to earnings attributable to common shares used in our basic and diluted Earnings Per Share (“EPS”) calculations for the years ended December 31, 2025, 2024 and 2023. EPS components may not add due to rounding.

 

 

 

2025

 

 

2024

 

 

2023

 

Net earnings

 

$

308.7

 

 

$

264.9

 

 

$

223.8

 

(Earnings) allocated to participating vested share awards

 

 

-

 

 

 

-

 

 

 

(0.1

)

Net earnings attributable to common shares

 

$

308.7

 

 

$

264.9

 

 

$

223.7

 

Reconciliation of Basic Shares Outstanding to Diluted Shares Outstanding

The following table is a reconciliation of basic shares outstanding to diluted shares outstanding for the years ended December 31, 2025, 2024 and 2023 (shares in millions):

 

 

 

2025

 

 

2024

 

 

2023

 

Basic shares outstanding

 

 

43.3

 

 

 

43.7

 

 

 

44.7

 

Dilutive effect of common stock equivalents

 

 

0.3

 

 

 

0.3

 

 

 

0.1

 

Diluted shares outstanding

 

 

43.6

 

 

 

44.0

 

 

 

44.8