v3.26.3
Net Income Per Common Share
 9 Months Ended
Sep. 30, 2026
Earnings Per Share [Abstract]  
Net Income Per Common Share

Note 2 — Net Income Per Common Share

 

 

 

Quarters Ended September 30,

 

 

Nine Months Ended September 30,

 

(In millions, except per share data)

 

2026

 

 

2025

 

 

2026

 

 

2025

 

Basic net income per common share:

 

 

 

 

 

 

 

 

 

 

 

 

Net income

 

$

38.6

 

 

$

20.6

 

 

$

125.1

 

 

$

63.0

 

Weighted average common shares outstanding

 

 

75.8

 

 

 

79.8

 

 

 

75.8

 

 

 

80.4

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Basic net income per common share

 

$

0.51

 

 

$

0.26

 

 

$

1.65

 

 

$

0.78

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Diluted net income per common share:

 

 

 

 

 

 

 

 

 

 

 

 

Net income

 

$

38.6

 

 

$

20.6

 

 

 

125.1

 

 

 

63.0

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Weighted average common shares outstanding — Basic

 

 

75.8

 

 

 

79.8

 

 

 

75.8

 

 

 

80.4

 

Plus incremental shares from assumed conversions:

 

 

 

 

 

 

 

 

 

 

 

 

Restricted stock units

 

 

0.4

 

 

 

0.4

 

 

 

0.4

 

 

 

0.3

 

Stock options

 

 

0.4

 

 

 

0.2

 

 

 

0.4

 

 

 

0.2

 

Weighted average common shares outstanding — Dilutive

 

 

76.7

 

 

 

80.3

 

 

 

76.6

 

 

 

80.9

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Diluted net income per common share

 

$

0.50

 

 

$

0.26

 

 

$

1.63

 

 

$

0.78

 

 

Total common stock equivalents of 0.1 million and 1.0 million were excluded from the computation of diluted net income per share for the quarters ended September 30, 2026 and 2025, respectively, because to include would have been anti-dilutive. Total common stock equivalents of 0.1 million and 1.1 million were excluded from the computation of diluted net income per share for the nine months ended September 30, 2026 and 2025, respectively, because to include would have been anti-dilutive.