Earnings Per Share (Tables)

9 Months Ended

Sep. 30, 2022

Schedule of Earnings Per Share, Basic and Diluted [Table Text Block]

The following table sets forth the computation of our basic and diluted EPS available to shareholders of common stock (excluding participating securities):


	Three Months Ended				Nine Months Ended
	September 30,				September 30,
	2022		2021		2022		2021
	(in millions, except per share data)
Numerator
Net income (loss)	$	26.5	$	(2.4)	$	50.4	$	52.2
Less: Net income attributable to participating securities	(1.1)		—		(2.0)		(2.0)


Net income (loss) attributable to common shareholders - Basic and Dilutive	$	25.4	$	(2.4)	$	48.4	$	50.2

Denominators
Basic common shares outstanding -
Weighted-average shares outstanding	119.6		118.5		119.3		118.5
Less: Participating securities	(5.0)		(4.4)		(4.9)		(4.6)
Weighted-average common shares outstanding	114.6		114.1		114.4		113.9

Effect of dilutive securities -
Dilutive stock-based compensation	1.5		—		0.9		0.2

Diluted shares outstanding -
Adjusted weighted-average shares after assumed conversions	116.1		114.1		115.3		114.1

Basic EPS	$	0.22	$	(0.02)	$	0.42	$	0.44

Diluted EPS	$	0.22	$	(0.02)	$	0.42	$	0.44