XML 24 R13.htm IDEA: XBRL DOCUMENT
v3.23.2

Net Income (Loss) Per Share | 6 Months Ended
--- | ---
Jun. 30, 2023
Earnings Per Share [Abstract] |
Net Income (Loss) Per Share | Net Income (Loss) Per Share The Company uses the two-class method to calculate Net income (loss) per share. The Company has granted restricted stock that contains non-forfeitable rights to dividends on unvested shares. Since these unvested shares are considered participating securities under the two-class method, the Company allocates income (loss) per share to common stock and participating securities according to dividends declared and participation rights in undistributed earnings. Diluted net income (loss) per common share is computed based on Net income (loss) divided by the weighted average number of common and potential common shares outstanding. Potential common shares during the respective periods are those related to dilutive stock-based compensation, including long-term stock-based incentive compensation and directors’ accumulated deferred stock compensation, which may be received by the directors in the form of stock or cash. 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 follows (in millions, shares in thousands):
| Three Months Ended June 30, |  | Six Months Ended June 30,
| 2023 |  | 2022 |  | 2023 |  | 2022
Numerator (basic and diluted): |  |  |  |  |  |  |
Net income (loss) | $ | (4.5) |  |  | $ | 11.8 |  |  | $ | (12.2) |  |  | $ | 13.4 |
Less: Dividends to participating securities | (0.1) |  |  | (0.3) |  |  | (0.2) |  |  | (0.5) |
Net income (loss) attributable to Common Stockholders | $ | (4.6) |  |  | $ | 11.5 |  |  | $ | (12.4) |  |  | $ | 12.9 |
Denominator: |  |  |  |  |  |  |
Average number of common shares outstanding | 54,656.4 |  |  | 31,260.1 |  |  | 54,570.1 |  |  | 31,209.3 |
Effect of dilutive stock-based compensation(1) | — |  |  | 149.7 |  |  | — |  |  | 202.7 |
Average number of common and potential common shares outstanding | 54,656.4 |  |  | 31,409.8 |  |  | 54,570.1 |  |  | 31,412.0 |
(1) Diluted loss per share excludes the weighted average potential common shares for the three and six months ended June 30, 2023 as their inclusion would be anti-dilutive.

X
- References No definition available. + Details
Name: | us-gaap_EarningsPerShareAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for earnings per share. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 260 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482662/260-10-50-1 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 260 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org//260/tableOfContent Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 260 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482662/260-10-50-2 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 260 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 3 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482662/260-10-50-3 + Details
Name: | us-gaap_EarningsPerShareTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration