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Per Share Information
 6 Months Ended
Jun. 30, 2022
Earnings Per Share [Abstract]  
Per Share Information Per Share Information
The following table sets forth the computation of basic and diluted income (loss) per common share: 
(In millions, except per share amounts)Three months ended June 30,Six months ended June 30,
2022202120222021
Numerator:
Numerator for basic loss per common share –
Net loss attributable to ATI$(38.0)$(49.2)$(7.1)$(57.1)
Effect of dilutive securities:
4.75% Convertible Senior Notes due 2022— — — — 
3.5% Convertible Senior Notes due 2025— — — — 
Numerator for diluted net loss per common share –
Net loss attributable to ATI after assumed conversions$(38.0)$(49.2)$(7.1)$(57.1)
Denominator:
Denominator for basic net loss per common share – weighted average shares124.6 127.1 125.5 127.0 
Effect of dilutive securities:
Share-based compensation— — — — 
4.75% Convertible Senior Notes due 2022— — — — 
3.5% Convertible Senior Notes due 2025— — — — 
Denominator for diluted net loss per common share – adjusted weighted average shares and assumed conversions124.6 127.1 125.5 127.0 
Basic net loss attributable to ATI per common share$(0.31)$(0.39)$(0.06)$(0.45)
Diluted net loss attributable to ATI per common share$(0.31)$(0.39)$(0.06)$(0.45)
Common stock that would be issuable upon the assumed conversion of the 2025 Convertible Notes and other option equivalents and contingently issuable shares are excluded from the computation of contingently issuable shares, and therefore, from the denominator for diluted earnings per share, if the effect of inclusion is anti-dilutive. The 2022 Convertible Notes were converted as of June 30, 2022 (see Note 8 for further explanation). There were 26.1 million and 26.2 million anti-dilutive shares for the three and six months ended June 30, 2022, respectively. There were 25.7 million anti-dilutive shares for the three and six months ended June 30, 2021.
On February 2, 2022, the Company’s Board of Directors authorized the repurchase of up to $150 million of ATI stock. Repurchases under the program may be made in the open market or in privately negotiated transactions, with the amount and timing of repurchases depending on market conditions and corporate needs. Open market repurchases will be structured to occur within the pricing and volume requirements of SEC Rule 10b-18. The stock repurchase program does not obligate the Company to repurchase any specific number of shares and it may be modified, suspended, or terminated at any time by the Board of Directors without prior notice. In the six months ended June 30, 2022, ATI used $89.9 million to repurchase 3.5 million shares of its common stock under this program.