Earnings Per Share (Tables)

3 Months Ended

Mar. 31, 2026

Schedule of Computation of Basic and Diluted Net Income Per Share

The following table sets forth the computation of basic and diluted net income per share (in millions of dollars, except share and per share amounts):


	Quarter Ended March 31,
	2026		2025
Numerator:
Net income available to common shareholders1	$	62.5	$	21.6
Denominator – Weighted-average common shares outstanding (in thousands):
Basic		16,248		16,116
Add: dilutive effect of non-vested common shares, restricted stock units and performance shares2		596		283
Diluted		16,844		16,399

Net income per common share, Basic:	$	3.85	$	1.34
Net income per common share, Diluted:	$	3.71	$	1.31

Represents Net income less distributed and undistributed earnings allocated to non-vested restricted stock awards that contain non-forfeitable rights to dividends.

Quantities in the following discussion are denoted in whole shares. During the quarters ended March 31, 2026 and 2025, approximately 500 and 4,000 shares, respectively, were excluded from the weighted-average diluted shares computation as their inclusion would have been anti‑dilutive.