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Net Income Per Common Share
12 Months Ended
Dec. 31, 2016
Earnings Per Share [Abstract]  
Net Income Per Common Share

 Note 11 — Net Income Per Common Share

Computations of basic and diluted net income per common share for the years ended December 31, 2016, 2015 and 2014, are as follows:

 

(In millions, except per share data)

 

2016

 

 

2015

 

 

2014

 

Net income

 

$

249.8

 

 

$

237.2

 

 

$

209.4

 

 

Basic net income per common share:

 

 

 

 

 

 

 

 

 

 

 

 

Weighted average common shares outstanding

 

 

92.8

 

 

 

95.8

 

 

 

96.8

 

 

Basic net income per common share

 

$

2.69

 

 

$

2.48

 

 

$

2.16

 

 

Diluted net income per common share:

 

 

 

 

 

 

 

 

 

 

 

 

Weighted average common shares outstanding — Basic

 

 

92.8

 

 

 

95.8

 

 

 

96.8

 

Plus incremental shares from assumed conversions:

 

 

 

 

 

 

 

 

 

 

 

 

Restricted stock units

 

 

0.4

 

 

 

0.5

 

 

 

0.7

 

Stock options

 

 

1.0

 

 

 

0.9

 

 

 

1.2

 

Weighted average common shares outstanding — Diluted

 

 

94.2

 

 

 

97.2

 

 

 

98.7

 

 

Diluted net income per common share

 

$

2.65

 

 

$

2.44

 

 

$

2.12

 

 

Anti-dilutive shares outstanding, excluded from computation

 

 

0.4

 

 

 

 

 

 

0.2