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Net Income per Common Share (Tables)
6 Months Ended
Jun. 30, 2019
Earnings Per Share [Abstract]  
Summary of Earnings Per Share Basic and Diluted

 

 

 

Quarter Ended June 30,

 

 

Six Months Ended June 30,

 

(In millions, except per share data)

 

2019

 

 

2018

 

 

2019

 

 

2018

 

Basic net income per common share:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net income

 

$

80.9

 

 

$

68.8

 

 

$

153.1

 

 

$

130.4

 

Weighted average common shares outstanding

 

 

85.2

 

 

 

88.8

 

 

 

85.1

 

 

 

89.4

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Basic net income per common share

 

$

0.95

 

 

$

0.77

 

 

$

1.80

 

 

$

1.45

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Diluted net income per common share:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net income

 

$

80.9

 

 

$

68.8

 

 

$

153.1

 

 

$

130.4

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Weighted average common shares outstanding — Basic

 

 

85.2

 

 

 

88.8

 

 

 

85.1

 

 

 

89.4

 

Plus incremental shares from assumed conversions:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Restricted stock units

 

 

0.4

 

 

 

0.4

 

 

 

0.4

 

 

 

0.4

 

Stock options

 

 

0.6

 

 

 

0.7

 

 

 

0.6

 

 

 

0.7

 

Weighted average common shares outstanding — Dilutive

 

 

86.2

 

 

 

89.9

 

 

 

86.1

 

 

 

90.5

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Diluted net income per common share

 

$

0.94

 

 

$

0.76

 

 

$

1.78

 

 

$

1.44