v3.26.1
Earnings per Share
3 Months Ended
Mar. 31, 2026
Earnings Per Share [Abstract]  
Earnings per Share

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 following table presents the reconciliation of the numerator and denominator used in the calculation of net earnings per basic and diluted share and the anti-dilutive share-based awards for the three months ended March 31, 2026 and 2025:

 

 

Three Months Ended March 31,

 

 

 

2026

 

 

2025

 

Net earnings per share:

 

 

 

 

 

 

Basic

 

$

1.30

 

 

$

1.08

 

Diluted

 

$

1.27

 

 

$

1.05

 

Numerator:

 

 

 

 

 

 

Net earnings

 

$

33.5

 

 

$

31.0

 

Denominator:

 

 

 

 

 

 

Weighted-average number of common shares outstanding

 

 

25.7

 

 

 

28.7

 

Dilutive awards

 

 

0.6

 

 

 

0.8

 

Diluted weighted-average number of common shares outstanding

 

 

26.3

 

 

 

29.5

 

Weighted-average number of anti-dilutive share-based awards:

 

 

 

 

 

 

Restricted stock units

 

 

0.1