Three Months Ended

March 31,

(in millions, except per share data)

2026

2025

Basic shares used in the calculation of earnings per share

35.2

36.0

Dilutive effect of securities:

Employee stock options

0.3

0.3

Non-vested stock grants

0.4

0.3

Diluted shares used in the calculation of earnings per share

35.9

36.6

Per share effect of dilutive securities on net income

$

(0.10

)

$

(0.06

)