v3.26.3
Common Equity (Tables)
9 Months Ended
Sep. 30, 2026
Equity [Abstract]  
Calculation of Basic and Diluted Earnings Per Share
The following table sets forth the computation of basic and diluted earnings per share for the three and nine months ended September 30, 2026 and 2025, respectively.
Three Months Ended
September 30,
Nine Months Ended
September 30,
(in millions, except per share data)2026202520262025
Numerator:
Net income available to common shareholders$49.5 $19.4 $119.6 $81.5 
Denominator:
Weighted average common shares outstanding175.3 175.3 175.2 175.3 
Dilutive effect of share-based awards and options outstanding0.9 0.6 0.8 0.6 
Weighted average diluted common shares outstanding (1)
176.3 175.9 176.0 175.9 
Basic earnings per common share (2)
$0.28 $0.11 $0.68 $0.47 
Diluted earnings per common share (2)
0.28 0.11 0.68 0.46 
(1)Weighted average diluted common shares outstanding may not sum due to rounding.
(2)Earnings per share were calculated on full precision amounts.
Schedule of Common Shares Outstanding Roll Forward
Changes to our Class B common shares outstanding for the three and nine months ended September 30, 2026 and 2025 are as follows:
Three Months Ended
September 30,
Nine Months Ended
September 30,
2026202520262025
Outstanding at beginning of period92,271,399 92,233,497 91,985,627 92,221,383 
Repurchases of common stock— — (212,208)(337,352)
Share issuances— — 654,889 528,653 
Exercise of employee stock options72,994 36,596 126,820 36,596 
Shares withheld for employee taxes— — (210,735)(179,187)
Outstanding at end of period92,344,393 92,270,093 92,344,393 92,270,093