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Net Income Per Common Share
12 Months Ended
Dec. 31, 2011
Net Income Per Common Share  
Net Income Per Common Share

Note 12 - Net Income Per Common Share

 

Computations of basic and diluted net income per common share for the years ended December 31, 2011, 2010 and 2009, are as follows:

 

(In millions, except per share data)

 

2011

 

2010

 

2009

 

Net income

 

$

135.5

 

$

77.4

 

$

56.3

 

 

 

 

 

 

 

 

 

Basic net income per common share:

 

 

 

 

 

 

 

Weighted average common shares outstanding

 

98.8

 

97.6

 

96.9

 

 

 

 

 

 

 

 

 

Basic net income per common share

 

$

1.37

 

$

0.79

 

$

0.58

 

 

 

 

 

 

 

 

 

Diluted net income per common share:

 

 

 

 

 

 

 

Weighted average common shares outstanding — Basic

 

98.8

 

97.6

 

96.9

 

Plus incremental shares from assumed conversions:

 

 

 

 

 

 

 

Restricted stock units

 

0.9

 

1.0

 

0.6

 

Stock options

 

1.0

 

1.3

 

0.7

 

Weighted average common shares outstanding — Diluted

 

100.7

 

99.9

 

98.2

 

 

 

 

 

 

 

 

 

Diluted net income per common share

 

$

1.35

 

$

0.77

 

$

0.57

 

 

 

 

 

 

 

 

 

Anti-dilutive shares outstanding, excluded from computation

 

0.3

 

0.8

 

2.1