The following table presents the computation of basic and diluted net income per share under the two-class method for the three months ended March 31, 2026 and 2025 (in millions, except for per share amounts): | | | | | | | | | | | | | | | | | | | | | Three Months Ended March 31, | | | | | 2026 | | 2025 | | | | | | Net income from continuing operations | | $ | 15.3 | | | $ | 13.5 | | | | | | | Less: Distributed net income available to participating securities | | (0.1) | | | (0.1) | | | | | | | Less: Undistributed net income available to participating securities | | (0.1) | | | 0.0 | | | | | | | Numerator for basic net income per share: | | | | | | | | | | Undistributed and distributed net income available to common shareholders | | $ | 15.1 | | | $ | 13.4 | | | | | | | Add: Undistributed net income allocated to participating securities | | 0.1 | | | 0.0 | | | | | | | Less: Undistributed net income reallocated to participating securities | | (0.1) | | | 0.0 | | | | | | | | | | | | | | | | Numerator for diluted net income per share: | | | | | | | | | | Undistributed and distributed net income available to common shareholders | | $ | 15.1 | | | $ | 13.4 | | | | | | | Denominator: | | | | | | | | | | Weighted average shares outstanding for basic net income per share | | 38.2 | | | 38.3 | | | | | | | Effect of dilutive securities | | 0.1 | | | 0.1 | | | | | | | Weighted average shares outstanding for diluted net income per share | | 38.3 | | | 38.4 | | | | | | | Net income per share from continuing operations: | | | | | | | | | | Basic | | $ | 0.39 | | | $ | 0.35 | | | | | | | Diluted | | $ | 0.39 | | | $ | 0.35 | | | | | | | | | | | | | | | | Net income from discontinued operations | | $ | 1.3 | | | $ | 0.1 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Net income per share from discontinued operations: | | | | | | | | | | Basic | | $ | 0.03 | | | $ | 0.00 | | | | | | | Diluted | | $ | 0.03 | | | $ | 0.00 | | | | | | | | | | | | | | | | Net income per share: | | | | | | | | | | Basic | | $ | 0.42 | | | $ | 0.35 | | | | | | | Diluted | | $ | 0.42 | | | $ | 0.35 | | | | | | | | | | | | | | | | Potentially dilutive securities | | 0.2 | | | 0.4 | | | | | |
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