Net Income per Common Share

6 Months Ended

Jun. 30, 2016

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)	2016		2015		2016		2015
Basic net income per common share:
Net income	$	66.1	$	61.7	$	122.1	$	129.8
Weighted average common shares outstanding		93.1		96.6		93.3		96.4
Basic net income per common share	$	0.71	$	0.64	$	1.31	$	1.35
Diluted net income per common share:
Net income	$	66.1	$	61.7	$	122.1	$	129.8
Weighted average common shares outstanding — Basic		93.1		96.6		93.3		96.4
Plus incremental shares from assumed conversions:
Restricted stock units		0.5		0.6		0.4		0.6
Stock options		1.0		1.0		1.0		1.0
Weighted average common shares outstanding — Dilutive		94.6		98.2		94.7		98.0
Dilutive net income per common share	$	0.70	$	0.63	$	1.29	$	1.32

Total shares underlying stock options of 0.4 million and 0.6 million were excluded from the computation of diluted net income per share for the quarter and six months ended June 30, 2016,  respectively, as they were anti-dilutive. 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.