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Net Income per Common Share
 3 Months Ended
Mar. 31, 2014
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)

 

2014

 

2013

 

 

 

 

 

 

 

Basic net income per common share:

 

 

 

 

 

Net income

 

$

50.1

 

$

43.6

 

 

 

 

 

 

 

Weighted average common shares outstanding

 

98.5

 

100.4

 

 

 

 

 

 

 

Basic net income per common share

 

$

0.51

 

$

0.43

 

 

 

 

 

 

 

Diluted net income per common share:

 

 

 

 

 

Net income

 

$

50.1

 

$

43.6

 

 

 

 

 

 

 

Weighted average common shares outstanding — Basic

 

98.5

 

100.4

 

Plus incremental shares from assumed conversions:

 

 

 

 

 

Restricted stock units

 

0.7

 

0.7

 

Stock options

 

1.4

 

1.0

 

Weighted average common shares outstanding — Dilutive

 

100.6

 

102.1

 

 

 

 

 

 

 

Diluted net income per common share

 

$

0.50

 

$

0.43

 

 

Total shares underlying stock options of 0.2 million and 0.8 million were excluded from the computation of diluted net income per share for the quarters ended March 31, 2014 and 2013, respectively, as they were anti-dilutive.