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Net Income Per Share | 9 Months Ended
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Sep. 30, 2016
Earnings Per Share [Abstract] |
Net Income (Loss) Per Share | NET INCOME (LOSS) PER SHARE Basic net income (loss) per share is calculated by dividing net income (loss) by the weighted average number of shares of common stock outstanding during the period, excluding any unvested restricted stock. In calculating diluted net income per share, the numerator is increased by interest and dividends on potentially dilutive securities, net of tax, and the denominator is increased by the weighted average number of shares resulting from potentially dilutive securities, assuming full conversion. No dilutive effect is recognized in a period in which a net loss has occurred.
| Three Months Ended September 30, |  | Nine Months Ended September 30,
(in millions, except per share amounts) | 2016 |  | 2015 |  | 2016 |  | 2015
Numerator for basic and diluted calculation: |  |  |  |  |  |  |
Net loss | $ | (41.3 | ) |  | $ | (55.1 | ) |  | $ | (58.8 | ) |  | $ | (85.6 | )
Denominator: |  |  |  |  |  |  |
Weighted average common shares | 9.1 |  |  | 9.1 |  |  | 9.1 |  |  | 9.0 |
Denominator for basic calculation | 9.1 |  |  | 9.1 |  |  | 9.1 |  |  | 9.0 |
Weighted average effect of dilutive securities: |  |  |  |  |  |  |
Stock compensation awards (a) | — |  |  | — |  |  | — |  |  | — |
Denominator for diluted calculation | 9.1 |  |  | 9.1 |  |  | 9.1 |  |  | 9.0 |
Net loss per share - basic and diluted | $ | (4.54 | ) |  | $ | (6.05 | ) |  | $ | (6.46 | ) |  | $ | (9.51 | )
(a) | Compensation awards under the 2014 Equity Incentive Plan resulted in common stock equivalents of less than 0.1 million shares of common stock and are excluded from the diluted calculation as a result of net losses in the three and nine months ended September 30, 2016, and in the three and nine months ended September 30, 2015.
Options to purchase shares of common stock having an exercise price greater than the average share market price are excluded from the calculation of diluted net income (loss) per share:
| Three Months Ended September 30, |  | Nine Months Ended September 30, |
| 2016 |  |  | 2015 |  | 2016 |  |  | 2015 |
Options excluded from diluted net income per share | 375,000 |  |  |  | 382,500 |  |  | 375,000 |  |  |  | 382,500 |  |
Exercise price of excluded options | $ | 3.90 |  | to |  | $ | 3.90 |  | to | $ | 3.90 |  | to |  | $ | 3.90 |  | to
| $ | 5.62 |  |  |  | $ | 5.62 |  |  | $ | 5.62 |  |  |  | $ | 5.62 |  |

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- Definition The entire disclosure for earnings per share. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 45 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=64863997&loc=d3e1278-109256 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=6371337&loc=d3e3550-109257 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 45 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=64863997&loc=d3e1252-109256 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 55 -Paragraph 52 -URI http://asc.fasb.org/extlink&oid=65016374&loc=d3e4984-109258 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 225 -SubTopic 10 -Section S99 -Paragraph 2 -Subparagraph (SX 210.5-03.21) -URI http://asc.fasb.org/extlink&oid=63488584&loc=d3e20235-122688 + Details
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