Net Income per Common Share

9 Months Ended

Sep. 30, 2014

Earnings Per Share [Abstract]

Net Income Per Common Share

Note 2 — Net Income per Common Share

	Quarter Ended September 30,				Nine Months Ended September 30,
(In millions, except per share data)	2014		2013		2014		2013
Basic net income per common share:
Net income	$	55.8	$	48.7	$	156.5	$	140.8
Weighted average common shares outstanding		95.8		99.7		97.2		100.0
Basic net income per common share	$	0.58	$	0.49	$	1.61	$	1.41
Diluted net income per common share:
Net income	$	55.8	$	48.7	$	156.5	$	140.8
Weighted average common shares outstanding — Basic		95.8		99.7		97.2		100.0
Plus incremental shares from assumed conversions:
Restricted stock units		0.7		0.7		0.8		0.7
Stock options		1.2		1.3		1.2		1.4
Weighted average common shares outstanding — Dilutive		97.7		101.7		99.2		102.1
Diluted net income per common share	$	0.57	$	0.48	$	1.58	$	1.38

Total shares underlying stock options of 0.2 million were excluded from the computation of diluted net income per share for the quarter and nine months ended September 30, 2014, as they were anti-dilutive. There were no underlying stock options excluded from the computation of diluted net income per share for the quarter and nine months ended September 30, 2013, as all were dilutive.