Net Income/(Loss) Per Share (Tables)

9 Months Ended

Sep. 30, 2022

Reconciliation of the Common and Potential Common Shares Outstanding Used in Earnings Per Share Calculation

The following table is a reconciliation of the average number of common and potential common shares outstanding used in the calculations of basic and diluted net income/(loss) per share (in millions, shares in thousands):




	Three Months Ended				Nine Months Ended
	September 30, 2022		September 30, 2021		September 30, 2022		September 30, 2021
Numerator (basic and diluted):
Net income/(loss)	$	(22.5)	$	12.2	$	(9.1)	$	35.6
Less: Dividends paid to participating securities	(0.2)		(0.2)		(0.7)		(0.5)

Undistributed and distributed earnings/(loss) available to common stockholders	$	(22.7)	$	12.0	$	(9.8)	$	35.1

Denominator:
Average number of common shares outstanding	52,593.9		31,046.1		38,415.9		31,022.1
Effect of dilutive stock-based compensation	—		354.9		—		359.5
Average number of common and potential common shares outstanding	52,593.9		31,401.0		38,415.9		31,381.6