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Net Income Per Common Share (Tables)
6 Months Ended
Jun. 30, 2017
Earnings Per Share [Abstract]  
Net Income Per Common Share on Basic and Diluted Basis

The following table presents the calculation of net income per common share on a basic and diluted basis:

 

 

 

For the Three Months Ended June 30,

 

 

For the Six Months Ended June 30,

 

(in millions, except number of shares and per share amounts)

 

2017

 

 

2016

 

 

2017

 

 

2016

 

Net income

 

$

46.0

 

 

$

30.9

 

 

$

82.7

 

 

$

58.6

 

Weighted average common shares outstanding - basic

 

 

30,201,457

 

 

 

30,187,592

 

 

 

30,124,696

 

 

 

30,333,417

 

Effect of dilutive securities:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Equity compensation awards

 

 

846,624

 

 

 

622,564

 

 

 

870,476

 

 

 

637,772

 

Weighted average common shares outstanding - diluted

 

 

31,048,081

 

 

 

30,810,156

 

 

 

30,995,172

 

 

 

30,971,189

 

Net income per common share:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Basic

 

$

1.52

 

 

$

1.03

 

 

$

2.75

 

 

$

1.93

 

Diluted

 

$

1.48

 

 

$

1.00

 

 

$

2.67

 

 

$

1.89