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Earnings Per Share | 3 Months Ended
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Mar. 31, 2021
Earnings Per Share [Abstract] |
EARNINGS PER SHARE | EARNINGS PER SHAREBasic and diluted earnings per share are based on the weighted average number of shares of common stock and potential common stock outstanding during the period. Potential common stock, for purposes of determining diluted earnings per share, assumes the issuance of all potentially dilutive share equivalents using the if-converted or treasury stock method. A computation of earnings per share from continuing operations and weighted average shares of the Company's common stock outstanding for the three months ended March 31, 2021 and 2020 is as follows:
| Three Months Ended March 31, |  |
(dollars in millions, except per share amounts) | 2021 |  | 2020 |  |  |  |
Net income from continuing operations attributable to common stockholders | $ | 82.3 |  |  | $ | 8.4 |  |  |  |  |
Basic weighted average common shares outstanding | 247.2 |  |  | 250.3 |  |  |  |  |
Denominator adjustments for diluted EPS: |  |  |  |  |  |  |
Number of shares issuable upon conversion of Series A Preferred Stock | — |  |  | 1.2 |  |  |  |  |
Number of stock options and RSUs | 1.4 |  |  | 0.5 |  |  |  |  |
Denominator adjustments for diluted EPS | 1.4 |  |  | 1.7 |  |  |  |  |
Diluted weighted average common shares outstanding | 248.6 |  |  | 252.0 |  |  |  |  |
Earnings per share from continuing operations attributable to common stockholders: |  |  |  |  |  |  |
Basic | $ | 0.33 |  |  | $ | 0.03 |  |  |  |  |
Diluted | $ | 0.33 |  |  | $ | 0.03 |  |  |  |  |
For the three months ended March 31, 2021 and 2020, the following securities were not included in the computation of diluted shares outstanding because the effect would be anti-dilutive or because performance targets were not yet met for awards contingent upon such measures:
| Three Months Ended March 31, |  |
(shares in millions) | 2021 |  | 2020 |  |  |  |
Shares issuable upon vesting of RSUs and exercise of stock options | 3.0 |  |  | 4.9 |  |  |  |  |
Total | 3.0 |  |  | 4.9 |  |  |  |  |

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