Earnings (Loss) Per Share (Tables)

9 Months Ended

Sep. 30, 2023

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,
	2023		2022		2023		2022
	(in millions, except per share data)
Numerator
Net income (loss)	$	(17.4)	$	26.5	$	(14.5)	$	50.4
Less: Net income attributable to participating securities	—		(1.1)		—		(2.0)


Net income (loss) attributable to common shareholders - Basic and Dilutive	$	(17.4)	$	25.4	$	(14.5)	$	48.4

Denominators
Basic common shares outstanding -
Weighted-average shares outstanding	120.5		119.6		120.3		119.3
Less: Weighted-average participating securities	(3.4)		(5.0)		(3.8)		(4.9)
Weighted-average common shares outstanding	117.1		114.6		116.5		114.4

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

Diluted shares outstanding -
Adjusted weighted-average shares after assumed conversions	117.1		116.1		116.5		115.3

Basic EPS	$	(0.15)	$	0.22	$	(0.12)	$	0.42

Diluted EPS	$	(0.15)	$	0.22	$	(0.12)	$	0.42