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Net Income (Loss) Per Common Share (Tables)
3 Months Ended
Mar. 31, 2024
Earnings Per Share [Abstract]  
Summary of Earnings Per Share Basic and Diluted

 

 

Quarter Ended March 31,

 

(In millions, except per share data)

 

2024

 

 

2023

 

Basic net income per common share:

 

 

 

 

 

 

Net income

 

$

36.5

 

 

$

42.7

 

Weighted average common shares outstanding

 

 

83.9

 

 

 

84.6

 

 

 

 

 

 

 

 

Basic net income per common share

 

$

0.44

 

 

$

0.50

 

 

 

 

 

 

 

 

Diluted net income per common share:

 

 

 

 

 

 

Net income

 

$

36.5

 

 

$

42.7

 

 

 

 

 

 

 

 

Weighted average common shares outstanding — Basic

 

 

83.9

 

 

 

84.6

 

Plus incremental shares from assumed conversions:

 

 

 

 

 

 

Restricted stock units

 

 

0.5

 

 

 

0.5

 

Stock options

 

 

0.4

 

 

 

0.4

 

Weighted average common shares outstanding — Dilutive

 

 

84.8

 

 

 

85.5

 

 

 

 

 

 

 

 

Diluted net income per common share

 

$

0.43

 

 

$

0.50