The reconciliation of basic and diluted earnings per share on common stock for the second quarter and June year-to-date 2025 and 2024 is as follows (in millions of dollars except per share data):


	Second Quarter				June Year-to-Date
	2025		2024		2025		2024
Net earnings	$	19.0	$	4.6	$	24.8	$	30.4
Less: earnings allocated to participating securities	(0.6)		(0.1)		(0.8)		(0.7)
Net earnings available to common shareholders	$	18.4	$	4.5	$	24.0	$	29.7

Average shares outstanding (millions):
Basic	35.2		35.5		35.1		35.5
Dilutive share awards	0.5		0.4		0.5		0.4
Diluted	35.7		35.9		35.6		35.9

Basic earnings per share	$	0.52	$	0.13	$	0.68	$	0.84
Diluted earnings per share	$	0.52	$	0.12	$	0.67	$	0.83

Potentially dilutive share awards for Class A common stock are related to deferred common stock related to the non-employee directors deferred compensation plan and performance shares for the second quarter and June year-to-date 2025 and 2024 (see Stock-Based Compensation footnote for a description of performance shares). Dividends paid per share for Class A and Class B common stock were $0.075 for the second quarter of 2025 and 2024 and $0.15 for June year-to-date 2025 and 2024.

In November 2024, the Company's board of directors authorized a $50.0 million Class A share repurchase program that expires on December 2, 2026. During the second quarter and June year-to-date 2025, the Company did not repurchase any Class A shares. A total of $40.0 million remains available under the share repurchase program as of second quarter-end 2025.