XML 34 R15.htm IDEA: XBRL DOCUMENT v3.24.1.u1
Net Income Per Share
 3 Months Ended
Mar. 31, 2024
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. In calculating diluted net income (loss) 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 net income (loss) per share are as follows:
 Three Months Ended 
 March 31,
20242023
Numerator (in millions):
Net income (loss)$(6.1)$7.2 
Denominator (in thousands):
Average common shares outstanding - basic15,90614,841
Potentially dilutive shares related to stock compensation awards and warrant—400
Average common shares outstanding - diluted15,906 15,241 
Net income (loss) per share (in dollars):
Basic$(0.38)$0.49 
Diluted$(0.38)$0.47 
Common stock equivalents excluded from the diluted calculation because they would have been antidilutive (in thousands)1181