XML 36 R25.htm IDEA: XBRL DOCUMENT v3.25.2
Net (Loss) Income Per Common Share (Tables)
3 Months Ended
Jun. 30, 2025
Earnings Per Share [Abstract]  
Schedule of Computation of Basic and Diluted Earnings Per Share
The following table sets forth the computation of basic and diluted net (loss) income per common share (in millions, except per share amounts):
Three Months Ended June 30,
20252024
Net (loss) income$(18.6)$129.3 
Dividends on Series A Preferred Stock(27.8)— 
Net (loss) income attributable to common stockholders(46.4)129.3 
Basic weighted average common shares outstanding539.2 536.7 
Dilutive effect of RSUs— 5.2 
Dilutive effect of 2015 Senior Convertible Debt— 0.2 
Dilutive effect of 2017 Senior Convertible Debt— 0.7 
Dilutive effect of Series A Preferred Stock— — 
Diluted weighted average common shares outstanding539.2 542.8 
Basic net (loss) income per common share$(0.09)$0.24 
Diluted net (loss) income per common share$(0.09)$0.24 
Schedule of Convertible Debt
The following is the weighted average conversion price per share used in calculating the dilutive effect (see Note 6 for details on the Convertible Debt):
Three Months Ended June 30,
20252024
2015 Senior Convertible Debt(1)
$— $28.66 
2017 Senior Convertible Debt$43.47 $44.69 
2020 Senior Convertible Debt(2)
$— $91.23 
2024 Senior Convertible Debt$121.82 $121.84 
(1) The weighted average conversion price per share for the 2015 Senior Convertible Debt was prior to the settlement of the outstanding principal amount in February 2025.
(2) The weighted average conversion price per share for the 2020 Senior Convertible Debt was prior to the settlement of the outstanding principal amount in November 2024.