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Net Income per Common Share
6 Months Ended
Jun. 30, 2015
Earnings Per Share [Abstract]  
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)

 

2015

 

 

2014

 

 

2015

 

 

2014

 

Basic net income per common share:

 

 

 

 

Net income

........................................................... 

$

61.7

 

 

$

50.6

 

 

$

129.8

 

 

$

100.7

 

Weighted average common shares outstanding

... 

 

96.6

 

 

 

97.3

 

 

 

96.4

 

 

 

97.9

 

Basic net income per common share

................... 

$

0.64

 

 

$

0.52

 

 

$

1.35

 

 

$

1.03

 

Diluted net income per common share:

 

 

 

 

Net income

........................................................... 

$

61.7

 

 

$

50.6

 

 

$

129.8

 

 

$

100.7

 

Weighted average common shares outstanding — Basic

               

 

96.6

 

 

 

97.3

 

 

 

96.4

 

 

 

97.9

 

Plus incremental shares from assumed conversions:

 

 

 

 

Restricted stock units

................................. 

 

0.6

 

 

 

0.7

 

 

 

0.6

 

 

 

0.7

 

Stock options

.............................................. 

 

1.0

 

 

 

1.2

 

 

 

1.0

 

 

 

1.3

 

Weighted average common shares outstanding — Dilutive             

 

 

98.2

 

 

 

99.2

 

 

 

98.0

 

 

 

99.9

 

Diluted net income per common share

................ 

$

0.63

 

 

$

0.51

 

 

$

1.32

 

 

$

1.01

 

Total shares underlying stock options of 0.1 million and 0.2 million were excluded from the computation of diluted net income per share for the quarter and six months ended June 30, 2015, respectively, as they were anti-dilutive. 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.