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Net Income per Common Share
 6 Months Ended
Jun. 30, 2017
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)

 

2017

 

 

2016

 

2017

 

 

2016

 

Basic net income per common share:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net income

 

$

61.6

 

 

$

66.1

 

$

126.2

 

 

$

122.1

 

Weighted average common shares outstanding

 

 

90.7

 

 

 

93.1

 

 

91.1

 

 

 

93.3

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Basic net income per common share

 

$

0.68

 

 

$

0.71

 

$

1.39

 

 

$

1.31

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Diluted net income per common share:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net income

 

 

61.6

 

 

 

66.1

 

 

126.2

 

 

 

122.1

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Weighted average common shares outstanding — Basic

 

 

90.7

 

 

 

93.1

 

 

91.1

 

 

 

93.3

 

Plus incremental shares from assumed conversions:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Restricted stock units

 

 

0.4

 

 

 

0.5

 

 

0.4

 

 

 

0.4

 

Stock options

 

 

0.9

 

 

 

1.0

 

 

0.9

 

 

 

1.0

 

Weighted average common shares outstanding — Dilutive

 

 

92.0

 

 

 

94.6

 

 

92.4

 

 

 

94.7

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Diluted net income per common share

 

$

0.67

 

 

$

0.70

 

$

1.37

 

 

$

1.29

 

 

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, 2017, as they were anti-dilutive.  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, as they were anti-dilutive.