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Earnings Per Share
6 Months Ended
Jun. 30, 2024
Earnings Per Share [Abstract]  
Earnings Per Share
(6)
Earnings Per Share

 

A reconciliation of share amounts used to compute earnings per share in the accompanying Consolidated Statements of Income was as follows (in millions, except per share amounts):

 

 

Three Months Ended June 30,

 

Six Months Ended June 30,

 

 

2024

 

2023

 

2024

 

2023

 

Net income available for common stock

$

22.8

 

$

23.1

 

$

150.6

 

$

137.1

 

 

 

 

 

 

 

 

 

Weighted average shares - basic

 

69.0

 

 

66.6

 

 

68.6

 

 

66.3

 

Dilutive effect of equity compensation

 

-

 

 

0.1

 

 

0.1

 

 

0.1

 

Weighted average shares - diluted

 

69.0

 

 

66.7

 

 

68.7

 

 

66.4

 

 

 

 

 

 

 

 

 

Net income available for common stock, per share - Diluted

$

0.33

 

$

0.35

 

$

2.19

 

$

2.06

 

 

The following securities were excluded from the diluted earnings per share computation because of their anti-dilutive nature (in millions of shares):

 

 

Three Months Ended June 30,

 

Six Months Ended June 30,

 

 

2024

 

2023

 

2024

 

2023

 

Equity compensation

 

-

 

 

0.1

 

 

-

 

 

0.1

 

Restricted stock

 

-

 

 

-

 

 

-

 

 

-

 

Anti-dilutive shares excluded from computation of earnings per share

 

-

 

 

0.1

 

 

-

 

 

0.1