Shareholders' Equity (Tables)

6 Months Ended

Jun. 30, 2026

The quarterly changes in shareholders' equity during the six months ended June 30, 2026 are as follows:


	Common Stock			Additional Paid-in Capital		Retained Earnings		Accumulated Other Comprehensive Income		Treasury Stock		Total Shareholders' Equity
(in millions, except per share data)	Shares	Amount
Balance, December 31, 2025	21.1	$	0.2	$	333.3	$	1,189.7	$	21.9	$	(1.2)	$	1,543.9

Net income	—	—		—		27.4		—		—		27.4
Other comprehensive income	—	—		—		—		2.3		—		2.3
Dividends ($0.32 per share)	—	—		—		(6.8)		—		—		(6.8)

Incentive plan activity	—	—		(4.1)		—		—		—		(4.1)


Balance, March 31, 2026	21.1	$	0.2	$	329.2	$	1,210.3	$	24.2	$	(1.2)	$	1,562.7
Net income	—	—		—		27.1		—		—		27.1
Other comprehensive loss	—	—		—		—		(1.8)		—		(1.8)
Dividends ($0.32 per share)	—	—		—		(6.8)				—		(6.8)

Incentive plan activity	—	—		6.2		—		—		—		6.2

Balance, June 30, 2026	21.1	$	0.2	$	335.4	$	1,230.6	$	22.4	$	(1.2)	$	1,587.4

The quarterly changes in shareholders' equity during the six months ended June 30, 2025 are as follows:


	Common Stock			Additional Paid-in Capital		Retained Earnings		Accumulated Other Comprehensive Loss		Treasury Stock		Total Shareholders' Equity
(in millions, except per share data)	Shares	Amount
Balance, December 31, 2024	21.0	$	0.2	$	319.4	$	1,175.6	$	(65.4)	$	(1.2)	$	1,428.6

Net income	—	—		—		24.5		—		—		24.5
Other comprehensive income	—	—		—		—		13.5		—		13.5
Dividends ($0.31 per share)	—	—		—		(6.6)		—		—		(6.6)

Incentive plan activity	—	—		1.8		—		—		—		1.8


Balance, March 31, 2025	21.0	$	0.2	$	321.2	$	1,193.5	$	(51.9)	$	(1.2)	$	1,461.8
Net income	—	—		—		26.4		—		—		26.4
Other comprehensive income	—	—		—		—		10.4		—		10.4
Dividends ($0.31 per share)	—	—		—		(6.5)				—		(6.5)

Incentive plan activity	—	—		4.0		—		—		—		4.0

Balance, June 30, 2025	21.0	$	0.2	$	325.2	$	1,213.4	$	(41.5)	$	(1.2)	$	1,496.1

The following assumptions were used to estimate the fair value of the 2026 option awards: