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Net Income Per Share | 6 Months Ended
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Jun. 30, 2023
Earnings Per Share [Abstract] |
Net Income (Loss) Per Share | NET INCOME PER SHARE Basic net income per share is calculated by dividing net income by the weighted average number of shares of common stock outstanding during the period. In calculating diluted net income per share, the number of shares is increased by the weighted average number of potential common shares related to stock compensation awards including restricted stock, stock options, stock appreciation rights and notional stock units, and the warrant. No dilutive effect is recognized in a period in which a net loss has occurred. The weighted average number of common and common equivalent shares used in the calculation of basic and diluted income per share are as follows:
| Three Months Ended June 30, |  | Six Months Ended June 30,
| 2023 |  | 2022 |  | 2023 |  | 2022
Numerator (in millions): |  |  |  |  |  |  |
Net income | $ | 12.7 |  |  | $ | 37.4 |  |  | $ | 19.9 |  |  | $ | 37.0 |
Denominator (in thousands): |  |  |  |  |  |  |
Average common shares outstanding - basic | 15,161 |  |  | 14,587 |  | 15,002 |  | 14,567
Potentially dilutive shares related to stock compensation awards and warrant | 208 |  | 289 |  | 304 |  | 336
Average common shares outstanding - diluted | 15,369 |  |  | 14,876 |  |  | 15,306 |  |  | 14,903 |
Net income per share (in dollars): |  |  |  |  |  |  |
Basic | $ | 0.84 |  |  | $ | 2.56 |  |  | $ | 1.33 |  |  | $ | 2.54 |
Diluted | $ | 0.83 |  |  | $ | 2.51 |  |  | $ | 1.30 |  |  | $ | 2.48 |
Common stock equivalents excluded from the diluted calculation because they would have been antidilutive (in thousands) | 5 |  | 4 |  | 2 |  | —

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- Definition The entire disclosure for earnings per share. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 260 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482662/260-10-50-1 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 260 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org//260/tableOfContent Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 260 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482662/260-10-50-2 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 260 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 3 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482662/260-10-50-3 + Details
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