v3.25.3
Net Income Per Common Share
9 Months Ended
Sep. 30, 2025
Earnings Per Share [Abstract]  
Net Income Per Common Share

Note 2 — Net Income Per Common Share

 

 

 

Quarters Ended September 30,

 

 

Nine Months Ended September 30,

 

(In millions, except per share data)

 

2025

 

 

2024

 

 

2025

 

 

2024

 

Basic net income per common share:

 

 

 

 

 

 

 

 

 

 

 

 

Net income

 

$

20.6

 

 

$

39.8

 

 

$

63.0

 

 

$

126.3

 

Weighted average common shares outstanding

 

 

79.8

 

 

 

81.5

 

 

 

80.4

 

 

 

82.6

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Basic net income per common share

 

$

0.26

 

 

$

0.49

 

 

$

0.78

 

 

$

1.53

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Diluted net income per common share:

 

 

 

 

 

 

 

 

 

 

 

 

Net income

 

$

20.6

 

 

$

39.8

 

 

$

63.0

 

 

$

126.3

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Weighted average common shares outstanding — Basic

 

 

79.8

 

 

 

81.5

 

 

 

80.4

 

 

 

82.6

 

Plus incremental shares from assumed conversions:

 

 

 

 

 

 

 

 

 

 

 

 

Restricted stock units

 

 

0.4

 

 

 

0.4

 

 

 

0.3

 

 

 

0.4

 

Stock options

 

 

0.2

 

 

 

0.3

 

 

 

0.2

 

 

 

0.3

 

Weighted average common shares outstanding — Dilutive

 

 

80.3

 

 

 

82.1

 

 

 

80.9

 

 

 

83.3

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Diluted net income per common share

 

$

0.26

 

 

$

0.49

 

 

$

0.78

 

 

$

1.52

 

 

Total common stock equivalents of 1.0 million and 0.9 million were excluded from the computation of diluted net income per share for the quarters ended September 30, 2025 and 2024, respectively, because to include would have been anti-dilutive. Total common stock equivalents of 1.1 million and 0.6 million were excluded from the computation of diluted net income per share for the nine months ended September 30, 2025 and 2024, respectively, because to include would have been anti-dilutive.