Net Income Per Share

9 Months Ended

Sep. 30, 2014

Earnings Per Share [Abstract]

Net Income Per Share

Net Income Per Share

The following table reconciles net income and shares used in the calculation of basic net income per share to those used for diluted net income per share:

	Three Months Ended September 30,				Nine Months Ended September 30,
(In millions)	2014		2013		2014		2013
Numerator:
Net income	$	31.0	$	26.8	$	95.7	$	88.7
Denominator:
Weighted average common shares outstanding	71.0		69.8		70.8		69.4
Dilutive effect of stock options, stock appreciation rights and performance share awards, based on the treasury stock method	1.6		1.6		1.7		1.4
Assumed conversion of convertible debt, based on the if-converted method	—		—		—		0.1
Weighted average shares assuming dilution	72.6		71.4		72.5		70.9

Under the "if-converted" method, the after-tax effect of interest expense related to convertible debt is added back to net income. During all periods presented, the add-back amount was immaterial.

In addition, during the three months ended September 30, 2014, 0.6 million shares were not included in the computation of diluted net income per share because their impact was antidilutive. For the three months ended September 30, 2013, the number of shares not included in the computation of diluted net income per share was immaterial. There were 0.5 million and 0.7 million antidilutive shares outstanding during the nine months ended September 30, 2014 and 2013, respectively.