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Net Income per Common Share
3 Months Ended
Mar. 31, 2013
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)

 

2013

 

2012

 

 

 

 

 

 

 

Basic net income per common share:

 

 

 

 

 

Net income

 

$

43.6

 

$

39.6

 

 

 

 

 

 

 

Weighted average common shares outstanding

 

100.4

 

99.8

 

 

 

 

 

 

 

Basic net income per common share

 

$

0.43

 

$

0.40

 

 

 

 

 

 

 

Diluted net income per common share:

 

 

 

 

 

Net income

 

$

43.6

 

$

39.6

 

 

 

 

 

 

 

Weighted average common shares outstanding — Basic

 

100.4

 

99.8

 

Plus incremental shares from assumed conversions:

 

 

 

 

 

Restricted stock units

 

0.7

 

0.7

 

Stock options

 

1.0

 

1.2

 

Weighted average common shares outstanding — Dilutive

 

102.1

 

101.7

 

 

 

 

 

 

 

Diluted net income per common share

 

$

0.43

 

$

0.39

 

 

Total shares underlying stock options of 0.8 million and 0.5 million were excluded from the computation of diluted net income per share for the quarters ended March 31, 2013 and 2012, respectively, as they were anti-dilutive.