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Net Loss Per Share

6 Months Ended

Jun. 30, 2022

Basic and diluted loss per common share was calculated as follows:


	For the Three Months Ended June 30,				For the Six Months Ended June 30,
(dollars and shares in millions, except per common share amounts)	2022		2021		2022		2021
Net loss	$	(70.0)	$	(50.3)	$	(133.4)	$	(91.3)
Weighted average number of common shares outstanding - basic and diluted	53.2		48.9		53.1		48.7
Net loss per common share - basic and diluted	$	(1.32)	$	(1.03)	$	(2.51)	$	(1.87)

The Company reported net losses for each of the three and six months ended June 30, 2022 and 2021, and therefore excluded all stock options, restricted stock awards and restricted stock units from the calculation of diluted net loss per common share as their inclusion would have had an anti-dilutive effect, as summarized below:


	For the For the Three and Six Months Ended June 30,
(shares in millions)	2022	2021
Stock options	6.5	5.4
Restricted stock awards	—	0.1
Restricted stock units	0.3	0.1
	6.8	5.6