v3.26.1
Earnings Per Share
 6 Months Ended
Jun. 30, 2026
Earnings Per Share [Abstract]  
Earnings Per Share EARNINGS PER SHARE
Basic earnings per share (“EPS”) is computed by dividing net income by the weighted average number of common shares outstanding for the period, including vested restricted stock unit (“RSU”) awards. Diluted EPS is calculated using the treasury stock method by dividing net income by the weighted average number of shares outstanding, noted above, including the effect of dilutive unvested RSU awards.
The following table presents the calculation of basic and diluted EPS:
Three Months EndedSix Months Ended
June 30,June 30,
2026202520262025
Net Income
$182.1 $86.4 $387.5 $261.9 
Basic weighted average common shares outstanding
33.5 37.8 34.1 38.4 
Effect of dilutive unvested RSUs
0.3 0.5 0.3 0.5 
Diluted weighted average common shares outstanding
33.8 38.3 34.4 38.9 
Basic EPS
$5.44 $2.29 $11.36 $6.82 
Diluted EPS
$5.39 $2.26 $11.26 $6.73 
Earnings per share benefited from a net gain related to minority equity investments during the six months ended June 30, 2026, and was adversely impacted by non-cash goodwill and franchise rights impairments during the three and six months ended June 30, 2025. See Note 15 of the Unaudited Condensed Consolidated Financial Statements for more information.