The following table presents the computation of basic and diluted net income per share under the two-class method for the three and six months ended June 30, 2025 and 2024 (in millions, except for per share amounts): | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Three Months Ended
June 30, | | Six Months Ended
June 30, | | | 2025 | | 2024 | | 2025 | | 2024 | | Net income from continuing operations | | $ | 25.1 | | | $ | 20.2 | | | 38.6 | | | 33.3 | | | Less: Distributed net income available to participating securities | | (0.1) | | | (0.1) | | | (0.2) | | | (0.1) | | | Less: Undistributed net income available to participating securities | | (0.2) | | | 0.0 | | | (0.2) | | | (0.1) | | Numerator for basic net income per share: | | | | | | | | | | Undistributed and distributed net income available to common shareholders | | $ | 24.8 | | | $ | 20.1 | | | $ | 38.2 | | | $ | 33.1 | | | Add: Undistributed net income allocated to participating securities | | 0.2 | | | 0.0 | | | 0.2 | | | 0.1 | | | Less: Undistributed net income reallocated to participating securities | | (0.2) | | | 0.0 | | | (0.2) | | | (0.1) | | | | | | | | | | | | Numerator for diluted net income per share: | | | | | | | | | | Undistributed and distributed net income available to common shareholders | | $ | 24.8 | | | $ | 20.1 | | | 38.2 | | | 33.1 | | | | | | | | | | | | Denominator: | | | | | | | | | | Weighted average shares outstanding for basic net income per share | | 38.4 | | | 38.2 | | | 38.4 | | 38.2 | | Effect of dilutive securities | | 0.0 | | | 0.2 | | | 0.0 | | 0.2 | | Weighted average shares outstanding for diluted net income per share | | 38.4 | | | 38.4 | | | 38.4 | | 38.4 | | | | | | | | | | | | Net income per share from continuing operations: | | | | | | | | | | Basic | | $ | 0.65 | | | $ | 0.52 | | | $ | 1.00 | | | $ | 0.87 | | | Diluted | | $ | 0.65 | | | $ | 0.52 | | | $ | 0.99 | | | $ | 0.86 | | | | | | | | | | | | Net income from discontinued operations | | $ | 0.0 | | | $ | 0.1 | | | $ | 0.1 | | | $ | 0.2 | | | | | | | | | | | Numerator for basic and diluted net income per share: | | | | | | | | | Undistributed and distributed net income available to common shareholders | | $ | 0.0 | | | $ | 0.1 | | | $ | 0.1 | | | $ | 0.2 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Net income per share from discontinued operations: | | | | | | | | | | Basic | | $ | 0.00 | | | $ | 0.00 | | | $ | 0.00 | | | $ | 0.01 | | | Diluted | | $ | 0.00 | | | $ | 0.00 | | | $ | 0.00 | | | $ | 0.01 | | | | | | | | | | | | Net income per share: | | | | | | | | | | Basic | | $ | 0.65 | | | $ | 0.52 | | | $ | 1.00 | | | $ | 0.88 | | | Diluted | | $ | 0.65 | | | $ | 0.52 | | | $ | 0.99 | | | $ | 0.87 | | | | | | | | | | | | Potentially dilutive securities | | 0.3 | | | 0.2 | | | 0.3 | | | 0.2 | |
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