Earnings Per Share ("EPS") of Common Stock

3 Months Ended

Mar. 31, 2023

Earnings Per Share ("EPS") of Common Stock

The following table reconciles the numerator and denominator used to calculate basic and diluted EPS of common stock:



	Three months ended March 31,
	2023		2022
	(In millions, except per share amounts)
Numerator:


Net income	$	27.8	$	27.8




Income allocated to participating securities	(0.1)		(0.1)
Net income for basic EPS	$	27.7	$	27.7
Interest on convertible debt (see Note 1)	—		0.7
Net income for diluted EPS	$	27.7	$	28.4
Denominator:
Basic weighted average shares	80.6		80.2



Effect of:
Awards issued under equity plans	0.1		—
Convertible debt (See Note 1)	—		5.6

Diluted weighted average shares	80.7		85.8
Basic


Basic EPS	$	0.34	$	0.34
Diluted


Diluted EPS	$	0.34	$	0.33

Securities which would have been anti-dilutive are insignificant and are excluded from the computation of diluted earnings per share in all periods presented.