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Net Income per Common Share
 3 Months Ended
Mar. 31, 2012
Net Income per Common Share  
Net Income per Common Share

 

Note 2 — Net Income per Common Share

 

 

 

Quarter Ended March 31,

 

(In millions, except per share data)

 

2012

 

2011

 

 

 

 

 

 

 

Basic net income per common share:

 

 

 

 

 

Net income

 

$

39.6

 

$

26.4

 

 

 

 

 

 

 

Weighted average common shares outstanding

 

99.8

 

98.2

 

 

 

 

 

 

 

Basic net income per common share

 

$

0.40

 

$

0.27

 

 

 

 

 

 

 

Diluted net income per common share:

 

 

 

 

 

Weighted average common shares outstanding — Basic

 

99.8

 

98.2

 

Plus incremental shares from assumed conversions:

 

 

 

 

 

Restricted stock units

 

0.7

 

0.8

 

Stock options

 

1.2

 

1.4

 

Weighted average common shares outstanding — Dilutive

 

101.7

 

100.4

 

 

 

 

 

 

 

Diluted net income per common share

 

$

0.39

 

$

0.26

 

 

Total shares underlying stock options of 0.5 million and 1.0 million were excluded from the computation of diluted net income per share for the quarters ended March 31, 2012 and 2011, respectively, as they were anti-dilutive.