XML 21 R9.htm IDEA: XBRL DOCUMENT
v3.21.1

Earnings (Loss) Per Share | 3 Months Ended
--- | ---
Mar. 31, 2021
Earnings Per Share [Abstract] |
Earnings (Loss) Per Share | EARNINGS (LOSS) PER SHARE Basic earnings (loss) per share is computed by dividing net income (loss) by the weighted average number of common shares outstanding for the period, including vested restricted stock unit (“RSU”) awards. Diluted earnings (loss) per share is computed by dividing net income (loss) by the weighted average number of shares outstanding, noted above, adjusted for the dilutive effect of stock options and unvested RSU awards. For the three months ended March 31, 2020, stock options and unvested RSU awards were not included in the computation of diluted loss per share because we reported a net loss from continuing operations for this period, and the effect of their inclusion would be anti-dilutive. The following table presents the calculation of basic and diluted earnings (loss) per share:
| Three Months Ended |  |
| March 31, |  |
| 2021 |  | 2020 |  |  |  |
Net income (loss) from continuing operations | $ | 239.5 |  |  | $ | (232.2) |  |  |  |  |
Loss from discontinued operations, net of income taxes | (0.1) |  |  | (0.1) |  |  |  |  |
Net income (loss) | $ | 239.4 |  |  | $ | (232.3) |  |  |  |  |
Basic weighted average common shares outstanding | 83.1 |  |  | 90.0 |  |  |  |  |
Dilutive effect of stock options and unvested RSUs | 0.8 |  |  | — |  |  |  |  |
Diluted weighted average common shares outstanding | 83.9 |  |  | 90.0 |  |  |  |  |
Basic earnings (loss) per share amounts(1): |  |  |  |  |  |  |
Continuing operations | $ | 2.88 |  |  | $ | (2.58) |  |  |  |  |
Discontinued operations | $ | — |  |  | $ | — |  |  |  |  |
Net income (loss) | $ | 2.88 |  |  | $ | (2.58) |  |  |  |  |
Diluted earnings (loss) per share amounts(1): |  |  |  |  |  |  |
Continuing operations | $ | 2.85 |  |  | $ | (2.58) |  |  |  |  |
Discontinued operations | $ | — |  |  | $ | — |  |  |  |  |
Net income (loss) | $ | 2.85 |  |  | $ | (2.58) |  |  |  |  |
(1) Earnings (loss) per share amounts are calculated discretely and, therefore, may not add up to the total due to rounding.
A summary of anti-dilutive equity instruments excluded from the computation of diluted earnings (loss) per share is as follows:
| Three Months Ended |  |
| March 31, |  |
| 2021 |  | 2020 |  |  |  |
Anti-dilutive equity instruments excluded from the computation of diluted earnings (loss) per share | — |  |  | 3.0 |  |  |  |  |

X
- References No definition available. + Details
Name: | us-gaap_EarningsPerShareAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for earnings per share. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=109243012&loc=SL65017193-207537 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (c) -URI http://asc.fasb.org/extlink&oid=6371337&loc=d3e3550-109257 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -URI http://asc.fasb.org/topic&trid=2144383 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=6371337&loc=d3e3630-109257 + Details
Name: | us-gaap_EarningsPerShareTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration