Computations of basic and diluted net income per common share for the years ended December 31, 2025, 2024 and 2023, are as follows:
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(In millions, except per share data) |
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2025 |
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2024 |
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2023 |
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Basic net income per common share: |
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Net income |
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$ |
109.4 |
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$ |
132.1 |
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$ |
105.7 |
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Weighted average common shares outstanding |
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79.5 |
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82.3 |
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84.6 |
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Basic net income per common share |
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$ |
1.38 |
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$ |
1.61 |
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$ |
1.25 |
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Diluted net income per common share: |
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Weighted average common shares outstanding — Basic |
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79.5 |
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82.3 |
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84.6 |
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Plus incremental shares from assumed conversions: |
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Restricted stock units |
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0.4 |
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0.4 |
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0.5 |
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Stock options |
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0.2 |
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0.3 |
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0.4 |
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Weighted average common shares outstanding — Dilutive |
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80.0 |
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83.0 |
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85.5 |
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Dilutive net income per common share |
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$ |
1.37 |
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$ |
1.59 |
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$ |
1.24 |
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Anti-dilutive shares outstanding, excluded from computation |
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1.0 |
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0.9 |
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0.3 |
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