XML 34 R18.htm IDEA: XBRL DOCUMENT v3.8.0.1
Net Income Per Common Share
12 Months Ended
Dec. 31, 2017
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, 2017, 2016 and 2015, are as follows:

 

(In millions, except per share data)

 

2017

 

 

2016

 

 

2015

 

Basic net income per common share:

 

 

 

 

 

 

 

 

 

 

 

 

Net income

 

$

284.0

 

 

$

249.8

 

 

$

237.2

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Weighted average common shares outstanding

 

 

90.6

 

 

 

92.8

 

 

 

95.8

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Basic net income per common share

 

$

3.13

 

 

$

2.69

 

 

$

2.48

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Diluted net income per common share:

 

 

 

 

 

 

 

 

 

 

 

 

Weighted average common shares outstanding — Basic

 

 

90.6

 

 

 

92.8

 

 

 

95.8

 

Plus incremental shares from assumed conversions:

 

 

 

 

 

 

 

 

 

 

 

 

Restricted stock units

 

 

0.4

 

 

 

0.4

 

 

 

0.5

 

Stock options

 

 

0.9

 

 

 

1.0

 

 

 

0.9

 

Weighted average common shares outstanding — Dilutive

 

 

91.9

 

 

 

94.2

 

 

 

97.2

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Dilutive net income per common share

 

$

3.09

 

 

$

2.65

 

 

$

2.44

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Anti-dilutive shares outstanding, excluded from computation

 

0.2

 

 

0.4