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Net Income (Loss) per Common Share (Tables) | 6 Months Ended
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Jun. 30, 2024
Earnings Per Share [Abstract] |
Schedule of Computation of Basic And Diluted Net Income (Loss) Per Share | The following table presents the computation of basic and diluted net income (loss) per share under the two-class method for the three and six months ended June 30, 2024 and 2023 (in millions, except for per share amounts):
|  | Three Months Ended June 30, |  | Six Months Ended June 30,
|  | 2024 |  | 2023 |  | 2024 |  | 2023
Net income from continuing operations |  | $ | 20.2 |  |  | $ | 21.5 |  |  | 33.3 |  |  | 34.8 |
Less: Distributed net income available to participating securities |  | (0.1) |  |  | 0.0 |  |  | (0.1) |  |  | (0.1) |
Less: Undistributed net income available to participating securities |  | 0.0 |  |  | (0.1) |  |  | (0.1) |  |  | (0.1) |
Numerator for basic net income per share: |  |  |  |  |  |  |  |
Undistributed and distributed net income available to common shareholders |  | $ | 20.1 |  |  | $ | 21.4 |  |  | $ | 33.1 |  |  | $ | 34.6 |
Add: Undistributed net income allocated to participating securities |  | 0.0 |  |  | 0.1 |  |  | 0.1 |  |  | 0.1 |
Less: Undistributed net income reallocated to participating securities |  | 0.0 |  |  | (0.1) |  |  | (0.1) |  |  | (0.1) |
Numerator for diluted net income per share: |  |  |  |  |  |  |  |
Undistributed and distributed net income available to common shareholders |  | $ | 20.1 |  |  | $ | 21.4 |  |  | 33.1 |  |  | 34.6 |
Denominator: |  |  |  |  |  |  |  |
Weighted average shares outstanding for basic net income per share |  | 38.2 |  |  | 38.1 |  |  | 38.2 |  |  | 38.1 |
Effect of dilutive securities |  | 0.2 |  |  | 0.1 |  |  | 0.2 |  |  | 0.1 |
Weighted average shares outstanding for diluted net income per share |  | 38.4 |  |  | 38.2 |  |  | 38.4 |  |  | 38.2 |
Net income per share from continuing operations: |  |  |  |  |  |  |  |
Basic |  | $ | 0.52 |  |  | $ | 0.56 |  |  | $ | 0.87 |  |  | $ | 0.91 |
Diluted |  | $ | 0.52 |  |  | $ | 0.56 |  |  | $ | 0.86 |  |  | $ | 0.91 |
Net income (loss) from discontinued operations |  | $ | 0.1 |  |  | $ | 0.0 |  |  | $ | 0.2 |  |  | $ | (0.1) |
Numerator for basic and diluted net income (loss) per share: |  |  |  |  |  |  |  |
Undistributed and distributed net (loss) income available to common shareholders |  | $ | 0.1 |  |  | $ | 0.0 |  |  | $ | 0.2 |  |  | $ | (0.1) |
Net income (loss) income per share from discontinued operations: |  |  |  |  |  |  |  |
Basic |  | $ | 0.00 |  |  | $ | 0.00 |  |  | $ | 0.01 |  |  | $ | 0.00 |
Diluted |  | $ | 0.00 |  |  | $ | 0.00 |  |  | $ | 0.01 |  |  | $ | 0.00 |
Net income per share: |  |  |  |  |  |  |  |
Basic |  | $ | 0.52 |  |  | $ | 0.56 |  |  | $ | 0.88 |  |  | $ | 0.91 |
Diluted |  | $ | 0.52 |  |  | $ | 0.56 |  |  | $ | 0.87 |  |  | $ | 0.91 |
Potentially dilutive securities |  | 0.2 |  |  | 0.3 |  |  | 0.2 |  |  | 0.3 |

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- Definition Tabular disclosure of an entity's basic and diluted earnings per share calculations, including a reconciliation of numerators and denominators of the basic and diluted per-share computations for income from continuing operations. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 260 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482662/260-10-50-1 + Details
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