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Net Income Per Share (Tables)

9 Months Ended

Sep. 30, 2021

Earnings Per Share [Abstract]

Schedule of Net Income Per Share


			Three Months Ended September 30,												Nine Months Ended September 30,
			2021						2020						2021						2020
Numerator (in millions):
Net income (loss)			$	42.1					$	(7.0)					$	58.8					$	38.0
Less: Preferred stock dividends - undeclared and cumulative			0.7						1.9						2.1						5.9
Less: Distributed earnings allocable to retired preferred shares			—						—						6.6						—
Net income (loss) allocable to common stockholders			$	41.4					$	(8.9)					$	50.1					32.1

Denominator (in thousands):
Average common shares outstanding - basic			13,741						10,723						13,365						10,008
Potentially dilutive shares related to stock options and restricted stock units (a)			315						—						337						274
Average common shares outstanding - diluted			14,056						10,723						13,702						10,282

Net income (loss) per share (in dollars):
Basic			$	3.01					$	(0.83)					$	3.75					$	3.21
Diluted			$	2.95					$	(0.83)					$	3.66					$	3.12

(a) Common stock equivalents excluded from the diluted calculation as a result of a net loss in the period (in thousands)			—						317						—						—