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Net Income Per Common Share (Tables)
12 Months Ended
Dec. 31, 2016
Earnings Per Share [Abstract]  
Summary of Earnings Per Share Basic and Diluted

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