Earnings (Losses) Per Share

9 Months Ended

Sep. 30, 2024

Note 11 – Earnings (Losses) Per Share

The computation of basic and diluted earnings (losses) per share is as follows:


	Three Months Ended September 30,						Nine Months Ended September 30,
(in millions, except per share amounts)	2024			2023			2024		2023
Numerator
Net (loss) income attributable to the Company	$	(104.0	)	$	(1.7	)	$	58.7	$	182.7
Denominator
Basic weighted-average shares		103.6			104.2			103.9		104.4
Effect of dilutive restricted stock units (“RSUs”) and performance restricted stock units (“PRSUs”)		—			—			0.4		0.3
Diluted weighted-average shares		103.6			104.2			104.3		104.7
Net (loss) income per share attributable to the Company’s stockholders
Basic	$	(1.00	)	$	(0.02	)	$	0.56	$	1.75
Diluted	$	(1.00	)	$	(0.02	)	$	0.56	$	1.75

For the three and nine months ended September 30, 2024, 353 thousand and 6 thousand RSUs and 129 thousand and 42 thousand PRSUs, respectively, were excluded from diluted weighted-average common shares outstanding due to their antidilutive effect. For the three and nine months ended September 30, 2023, 288 thousand and 15 thousand RSUs and 39 thousand and 14 thousand PRSUs, respectively, were excluded from diluted weighted-average common shares outstanding due to their antidilutive effect.