Earnings per Share

6 Months Ended

Jun. 30, 2025

Note 9. Earnings per Share

Net earnings per basic share is calculated by dividing net earnings by the weighted-average number of common shares outstanding for the period. Net earnings per diluted share is computed using the weighted-average number of common and potentially dilutive shares outstanding during the period, including stock options, restricted stock units (“RSUs”), performance share units (“PSUs”) and restricted stock, using the treasury stock method.

The reconciliation of the numerator and denominator of the net earnings per basic and diluted share calculations and the anti-dilutive share based awards for the three and six months ended June 30, 2025 and 2024 were as follows:


	Three Months Ended June 30,				Six Months Ended June 30,
	2025		2024		2025		2024
Net earnings per share:
Basic	$	1.30	$	1.50	$	2.38	$	2.63
Diluted	$	1.28	$	1.47	$	2.33	$	2.56
Numerator:
Net earnings	$	36.1	$	44.1	$	67.1	$	77.4
Denominator:
Weighted-average number of common shares outstanding		27.7		29.4		28.2		29.4
Dilutive awards		0.5		0.6		0.6		0.8
Diluted weighted-average number of common shares outstanding		28.2		30.0		28.8		30.2
Weighted-average number of anti-dilutive share-based awards:
Restricted stock units		0.1		—		0.2		0.1