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(Loss) Earnings Per Common Share (Tables) | 6 Months Ended
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Jun. 30, 2025
Earnings Per Share [Abstract] |
Schedule of Basic and Diluted (Loss) Earnings per Common Share | Basic and diluted (loss) earnings 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 share amounts) | 2025 |  | 2024 |  | 2025 |  | 2024
Net (loss) income | $ | (61.2) |  |  | $ | (35.2) |  |  | $ | 21.7 |  |  | $ | (104.6) |
Basic weighted average common shares outstanding | 73.0 |  |  | 71.9 |  |  | 72.8 |  |  | 71.7 |
Denominator adjustments for diluted EPS: |  |  |  |  |  |  |
Number of stock options and RSUs | — |  |  | — |  |  | 0.2 |  |  | — |
Denominator adjustments for diluted EPS: | — |  |  | — |  |  | 0.2 |  |  | — |
Diluted weighted average common shares outstanding | 73.0 |  |  | 71.9 |  |  | 73.0 |  |  | 71.7 |
(Loss) earnings per common share |  |  |  |  |  |  |
Basic | $ | (0.84) |  |  | $ | (0.49) |  |  | $ | 0.30 |  |  | $ | (1.46) |
Diluted | $ | (0.84) |  |  | $ | (0.49) |  |  | $ | 0.30 |  |  | $ | (1.46) |
Schedule of Securities Excluded From Computation of Diluted Net Loss Per Common Share | The Company reported a net loss for the three months ended June 30, 2025 and therefore excluded all stock options and RSUs 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 Three Months Ended June 30, |  |
| 2025 |  |  |  |  |  |
Stock options | 9.6 |  |  |  |  |  |  |
RSUs | 4.2 |  |  |  |  |  |  |
| 13.8 |  |  |  |  |  |  |
The Company reported a net loss for the three and six months ended June 30, 2024 and therefore excluded all stock options and RSUs 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 Three and Six Months Ended June 30,
|  |  |  |  |  |  | 2024
Stock options |  |  |  |  |  |  | 8.3 |
RSUs |  |  |  |  |  |  | 2.4 |
|  |  |  |  |  |  | 10.7 |

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- Definition Tabular disclosure of securities (including those issuable pursuant to contingent stock agreements) that could potentially dilute basic earnings per share (EPS) in the future that were not included in the computation of diluted EPS because to do so would increase EPS amounts or decrease loss per share amounts for the period presented, by antidilutive securities. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482662/260-10-50-1 + Details
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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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