v3.25.1
Net Income per Share (Tables)
3 Months Ended
Mar. 31, 2025
Earnings Per Share [Abstract]  
Schedule of Computations of Basic and Diluted Net Income per Share The basic and diluted net income per share computations were calculated as follows:

 

 

Three Months Ended March 31,

 

 

 

2025

 

 

2024

 

 

 

(In millions, except per share data)

 

Numerator:

 

 

 

 

 

 

Net income

 

$

14.9

 

 

$

7.1

 

 

 

 

 

 

 

 

Denominator:

 

 

 

 

 

 

Weighted average shares outstanding - basic

 

 

159.4

 

 

 

156.9

 

Effect of dilutive equity instruments

 

 

2.5

 

 

 

3.0

 

Weighted average shares outstanding - diluted

 

 

161.9

 

 

 

159.9

 

 

 

 

 

 

 

 

Net income per share - basic

 

$

0.09

 

 

$

0.05

 

Net income per share - diluted

 

$

0.09

 

 

$

0.04

 

Schedule of Potentially Dilutive Weighted Average Shares Excluded from Calculation of Net Income per Share

The following potentially dilutive weighted average shares were excluded from the calculation of diluted net income per share because their effect would have been anti-dilutive:

 

 

 

Three Months Ended March 31,

 

 

 

2025

 

 

2024

 

 

 

(In millions)

 

Stock options

 

 

3.5

 

 

 

0.8

 

Restricted stock units

 

 

0.1