Net Income per Common Share

6 Months Ended

Jun. 30, 2014

Net Income per Common Share

Net Income per Common Share

Note 2 — Net Income per Common Share

	Quarter Ended June 30,				Six Months Ended June 30,
(In millions, except per share data)	2014		2013		2014		2013
Basic net income per common share:
Net income	$	50.6	$	48.5	$	100.7	$	92.1
Weighted average common shares outstanding	97.3		100.0		97.9		100.2
Basic net income per common share	$	0.52	$	0.49	$	1.03	$	0.92
Diluted net income per common share:
Net income	$	50.6	$	48.5	$	100.7	$	92.1
Weighted average common shares outstanding — Basic	97.3		100.0		97.9		100.2
Plus incremental shares from assumed conversions:
Restricted stock units	0.7		0.7		0.7		0.7
Stock options	1.2		1.1		1.3		1.1
Weighted average common shares outstanding — Dilutive	99.2		101.8		99.9		102.0
Diluted net income per common share	$	0.51	$	0.48	$	1.01	$	0.90

Total shares underlying stock options of 0.2 million were excluded from the computation of diluted net income per share for the quarter and six months ended June 30, 2014, as they were anti-dilutive. Total shares underlying stock options of 0.3 million were excluded from the computation of diluted net income per share for the quarter and six months ended June 30, 2013, as they were anti-dilutive.