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Net Income per Common Share
 3 Months Ended
Mar. 31, 2015
Earnings Per Share [Abstract]  
Net Income Per Common Share

Note 2 — Net Income per Common Share

 

 

 

 

Quarter Ended March 31,

 

(In millions, except per share data)

 

2015

 

 

2014

 

Basic net income per common share:

 

 

 

 

Net income

 

$

68.1

 

 

$

50.1

 

 

Weighted average common shares outstanding

 

 

96.2

 

 

 

98.5

 

Basic net income per common share

 

$

0.71

 

 

$

0.51

 

 

Diluted net income per common share:

 

 

 

 

Net income

 

$

68.1

 

 

$

50.1

 

 

Weighted average common shares outstanding — Basic

 

 

96.2

 

 

 

98.5

 

Plus incremental shares from assumed conversions:

 

 

 

 

Restricted stock units

 

 

0.6

 

 

 

0.7

 

Stock options

 

 

1.1

 

 

 

1.4

 

Weighted average common shares outstanding — Dilutive

 

 

97.9

 

 

 

100.6

 

Diluted net income per common share

 

$

0.70

 

 

$

0.50

 

Total shares underlying stock options of 0.2 million were excluded from the computation of diluted net income per share for the quarter ended March 31, 2015, as they were anti-dilutive.