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Net Income (Loss) per Share (Tables)
3 Months Ended
Mar. 31, 2021
Earnings Per Share [Abstract]  
Schedule of Computations of Basic and Diluted Net Income (Loss) per Share The basic and diluted net income (loss) per share computations were calculated as follows:

 

 

 

Three Months Ended March 31,

 

 

 

2021

 

 

2020

 

 

 

(Dollars in millions, except share and per share data)

 

Numerator:

 

 

 

 

 

 

 

 

Net (loss) income

 

$

(19.2

)

 

$

8.6

 

 

 

 

 

 

 

 

 

 

Denominator:

 

 

 

 

 

 

 

 

Weighted-average shares outstanding - basic

 

 

148,716,050

 

 

 

144,645,325

 

Effect of dilutive equity instruments

 

 

 

 

 

6,533,173

 

Weighted-average shares outstanding - diluted

 

 

148,716,050

 

 

 

151,178,498

 

 

 

 

 

 

 

 

 

 

Net (loss) income per share - basic

 

$

(0.13

)

 

$

0.06

 

Net (loss) income per share - diluted

 

$

(0.13

)

 

$

0.06

 

Schedule of Potentially Dilutive Weighted Average Shares Excluded from Calculation of Diluted Net Income (Loss) per Share

The following potentially dilutive weighted-average shares were excluded from the calculation of diluted net income (loss) per share because their effect would have been anti-dilutive:

 

 

 

Three Months Ended March 31,

 

 

 

2021

 

 

2020

 

Stock options

 

 

5,448,133

 

 

 

121,381

 

Restricted stock units

 

 

518,939

 

 

 

21,869

 

Performance stock units

 

 

604,193