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Net Income Per Common Share
12 Months Ended
Dec. 31, 2013
Net Income Per Common Share  
Net Income Per Common Share

Note 11 - Net Income Per Common Share

 

Computations of basic and diluted net income per common share for the years ended December 31, 2013, 2012 and 2011, are as follows:

 

(In millions, except per share data)

 

2013

 

2012

 

2011

 

Net income

 

$

187.9

 

$

164.3

 

$

135.5

 

 

 

 

 

 

 

 

 

Basic net income per common share:

 

 

 

 

 

 

 

Weighted average common shares outstanding

 

100.0

 

100.2

 

98.8

 

 

 

 

 

 

 

 

 

Basic net income per common share

 

$

1.88

 

$

1.64

 

$

1.37

 

 

 

 

 

 

 

 

 

Diluted net income per common share:

 

 

 

 

 

 

 

Weighted average common shares outstanding — Basic

 

100.0

 

100.2

 

98.8

 

Plus incremental shares from assumed conversions:

 

 

 

 

 

 

 

Restricted stock units

 

0.7

 

0.8

 

0.9

 

Stock options

 

1.4

 

1.0

 

1.0

 

Weighted average common shares outstanding — Diluted

 

102.1

 

102.0

 

100.7

 

 

 

 

 

 

 

 

 

Diluted net income per common share

 

$

1.84

 

$

1.61

 

$

1.35

 

 

 

 

 

 

 

 

 

Anti-dilutive shares outstanding, excluded from computation

 

 

0.5

 

0.3