Earnings Per Common Share

3 Months Ended

Mar. 31, 2025

The following table summarizes the computation of basic and diluted earnings per common share for the periods presented (in millions, except per share data):


	Three Months Ended March 31,
	2025		2024
Earnings per common share—basic
Net income	$	2.1	$	6.5
Weighted-average common shares outstanding—basic	183.4		183.7
Earnings per common share—basic	$	0.01	$	0.04

Earnings per common share—diluted
Net income	$	2.1	$	6.5



Weighted-average common shares outstanding—basic	183.4		183.7

Outstanding options, restricted stock units and performance share units	0.1		0.7
Weighted-average common shares outstanding—diluted	183.5		184.4
Earnings per common share—diluted	$	0.01	$	0.04

Anti-Dilutive Options and Restricted Stock Units

For the three months ended March 31, 2025 and 2024, approximately 17.9 million and 17.1 million securities outstanding, respectively, comprised of shares subject to conversion from the Convertible Notes, stock options and restricted stock units, were excluded from the calculation of diluted earnings per common share as they would be anti-dilutive