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Earnings Per Share (Tables)
9 Months Ended
Sep. 30, 2024
Earnings Per Share [Abstract]  
Schedule of Earnings Per Share Reconciliation

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

 

 

Three Months Ended September 30,

 

Nine Months Ended September 30,

 

 

2024

 

2023

 

2024

 

2023

 

 

(in millions, except per share amounts)

 

Net income available for common stock

$

24.4

 

$

45.4

 

$

175.0

 

$

182.5

 

 

 

 

 

 

 

 

 

Weighted average shares - basic

 

70.5

 

 

67.3

 

 

69.2

 

 

66.7

 

Dilutive effect of equity compensation

 

0.1

 

 

0.1

 

 

0.1

 

 

-

 

Weighted average shares - diluted

 

70.6

 

 

67.4

 

 

69.3

 

 

66.7

 

 

 

 

 

 

 

 

 

Net income available for common stock, per share - Diluted

$

0.35

 

$

0.67

 

$

2.52

 

$

2.74

 

Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share

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

 

 

Three Months Ended September 30,

 

Nine Months Ended September 30,

 

 

2024

 

2023

 

2024

 

2023

 

 

(in millions of shares)

 

Equity compensation

 

-

 

 

0.1

 

 

-

 

 

-

 

Restricted stock

 

-

 

 

-

 

 

-

 

 

-

 

Anti-dilutive shares excluded from computation of earnings per share

 

-

 

 

0.1

 

 

-

 

 

-