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Net Income per Common Share
9 Months Ended
Sep. 30, 2015
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)

 

2015

 

 

2014

 

 

2015

 

 

2014

 

Basic net income per common share:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net income

 

$

53.5

 

 

$

55.8

 

 

$

183.3

 

 

$

156.5

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Weighted average common shares outstanding

 

 

95.8

 

 

 

95.8

 

 

 

96.2

 

 

 

97.2

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Basic net income per common share

 

$

0.56

 

 

$

0.58

 

 

$

1.91

 

 

$

1.61

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Diluted net income per common share:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net income

 

$

53.5

 

 

$

55.8

 

 

$

183.3

 

 

$

156.5

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Weighted average common shares outstanding — Basic

 

 

95.8

 

 

 

95.8

 

 

 

96.2

 

 

 

97.2

 

Plus incremental shares from assumed conversions:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Restricted stock units

 

 

0.5

 

 

 

0.7

 

 

 

0.5

 

 

 

0.8

 

Stock options

 

 

1.0

 

 

 

1.2

 

 

 

1.0

 

 

 

1.2

 

Weighted average common shares outstanding — Dilutive

 

 

97.3

 

 

 

97.7

 

 

 

97.7

 

 

 

99.2

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Dilutive net income per common share

 

$

0.55

 

 

$

0.57

 

 

$

1.88

 

 

$

1.58

 

 

 

Total shares underlying stock options of 0.1 million were excluded from the computation of diluted net income per share for the quarter and nine months ended September 30, 2015 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 nine months ended September 30, 2014, as they were anti-dilutive.