XML 19 R8.htm IDEA: XBRL DOCUMENT v3.3.1.900
Net Income per Common Share
 3 Months Ended
Mar. 31, 2016
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)

 

2016

 

 

2015

 

 

 

 

 

Basic net income per common share:

 

 

 

 

 

 

 

 

 

 

 

 

Net income

 

$

56.0

 

 

$

68.1

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Weighted average common shares outstanding

 

 

93.4

 

 

 

96.2

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Basic net income per common share

 

$

0.60

 

 

$

0.71

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Diluted net income per common share:

 

 

 

 

 

 

 

 

 

 

 

 

Net income

 

$

56.0

 

 

$

68.1

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Weighted average common shares outstanding — Basic

 

 

93.4

 

 

 

96.2

 

 

 

 

 

Plus incremental shares from assumed conversions:

 

 

 

 

 

 

 

 

 

 

 

 

Restricted stock units

 

 

0.4

 

 

 

0.6

 

 

 

 

 

Stock options

 

 

1.0

 

 

 

1.1

 

 

 

 

 

Weighted average common shares outstanding — Dilutive

 

 

94.8

 

 

 

97.9

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Diluted net income per common share

 

$

0.59

 

 

$

0.70

 

 

 

 

 

 

 

Total shares underlying stock options of 0.6 million and 0.2 million were excluded from the computation of diluted net income per share for the quarters ended March 31, 2016 and March 31, 2015, respectively, as they were anti-dilutive.      .