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Net Income per Common Share
9 Months Ended
Sep. 30, 2011
Net Income per Common Share 
Net Income per Common Share

 

Note 2 — Net Income per Common Share

 

 

 

Quarter Ended September 30,

 

Nine Months Ended September 30,

 

(In millions, except per share data)

 

2011

 

2010

 

2011

 

2010

 

 

 

 

 

 

 

 

 

 

 

Basic net income per common share:

 

 

 

 

 

 

 

 

 

Net income

 

$

32.2

 

$

15.6

 

$

96.0

 

$

54.5

 

 

 

 

 

 

 

 

 

 

 

Weighted average common shares outstanding

 

99.0

 

97.7

 

98.6

 

97.6

 

 

 

 

 

 

 

 

 

 

 

Basic net income per common share

 

$

0.33

 

$

0.16

 

$

0.97

 

$

0.56

 

 

 

 

 

 

 

 

 

 

 

Diluted net income per common share:

 

 

 

 

 

 

 

 

 

Net income

 

$

32.2

 

$

15.6

 

$

96.0

 

$

54.5

 

 

 

 

 

 

 

 

 

 

 

Weighted average common shares outstanding — Basic

 

99.0

 

97.7

 

98.6

 

97.6

 

Plus incremental shares from assumed conversions:

 

 

 

 

 

 

 

 

 

Restricted stock units

 

0.8

 

0.8

 

0.8

 

1.0

 

Stock options

 

1.3

 

1.5

 

1.3

 

1.3

 

Weighted average common shares outstanding — Dilutive

 

101.1

 

100.0

 

100.7

 

99.9

 

 

 

 

 

 

 

 

 

 

 

Diluted net income per common share

 

$

0.32

 

$

0.16

 

$

0.95

 

$

0.55

 

 

Total shares underlying stock options of 0.3 million for the quarter and 0.5 million for the nine months were excluded from the computation of diluted net income per share for the periods ended September 30, 2011, as they were anti-dilutive. Total shares underlying stock options of 0.8 million for the quarter and the nine months were excluded from the computation of diluted net income per share for the periods ended September 30, 2010, as they were anti-dilutive.