Earnings (Loss) Per Share (Tables)

9 Months Ended

Sep. 30, 2021

Basic and diluted earnings (loss) per share and securities excluded from the calculation of diluted EPS

The following table shows the basic and diluted earnings (loss) per share:


	For the three months ended September 30,
	2021						2020
	Net Income (Loss)			Shares (in millions)	Per Share		Net Income (Loss)			Shares (in millions)	Per Share
Net income (loss)	$	(52.4)					$	(58.2)
Amount allocated to common stockholders	100.0		%				100.0		%

Basic and diluted EPS(1)	$	(52.4)		90.1	$	(0.58)	$	(58.2)		89.5	$	(0.65)






	For the nine months ended September 30,
	2021						2020
	Net Income (Loss)			Shares (in millions)	Per Share		Net Income (Loss)			Shares (in millions)	Per Share
Net income (loss)	$	(227.5)					$	(87.8)
Amount allocated to common stockholders	100.0		%				100.0		%

Basic and diluted EPS(1)	$	(227.5)		90.1	$	(2.52)	$	(87.8)		89.4	$	(0.98)


	Three months ended September 30,		Nine months ended September 30,
Securities excluded from the calculation of diluted EPS (in millions)(1):	2021	2020	2021	2020


Share-based compensation	2.5	1.7	2.5	1.2
Convertible preferred shares	6.3	6.6	6.3	6.6
Convertible senior notes	4.8	—	4.8	—

(1) In periods when we report a net loss, all share-based compensation awards, convertible preferred shares and convertible senior notes are excluded from the calculation of diluted weighted average shares outstanding because of their anti-dilutive effect on earnings (loss) per share.