| 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) | | 2026 | | 2025 | | 2026 | | 2025 | | Numerator: | | | | | | | | | | Net income available to common shareholders | | $ | 49.5 | | | $ | 19.4 | | | $ | 119.6 | | | $ | 81.5 | | | | | | | | | | | | Denominator: | | | | | | | | | | Weighted average common shares outstanding | | 175.3 | | | 175.3 | | | 175.2 | | | 175.3 | | | Dilutive effect of share-based awards and options outstanding | | 0.9 | | | 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.
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| 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, | | | 2026 | | 2025 | | 2026 | | 2025 | | Outstanding at beginning of period | | 92,271,399 | | | 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 options | | 72,994 | | | 36,596 | | | 126,820 | | | 36,596 | | | Shares withheld for employee taxes | | — | | | — | | | (210,735) | | | (179,187) | | | Outstanding at end of period | | 92,344,393 | | | 92,270,093 | | | 92,344,393 | | | 92,270,093 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
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