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Stockholders' Equity (Tables)

12 Months Ended

Dec. 31, 2023

Equity [Abstract]

Schedule of Restricted Stock Activity

The following table presents RSA activity for the years ended December 31, 2023, 2022 and 2021:

			2023												2022												2021
			# of Shares						Weighted Average Fair Value at Date of Grant						# of Shares						Weighted Average Fair Value at Date of Grant						# of Shares						Weighted Average Fair Value at Date of Grant
Nonvested restricted shares outstanding at January 1			526,961						$	31.89					377,729						$	36.78					405,299						$	34.96
Granted			—						—						678,343						31.17						207,135						39.10
Forfeited			(97,629)						33.46						(49,617)						30.57						(4,345)						33.37
Vested			(292,519)						32.98						(479,494)						34.81						(230,360)						35.71
Converted to RSUs			(136,813)						28.43						—						—						—						—
Nonvested restricted shares outstanding at December 31			—						$	—					526,961						$	31.89					377,729						$	36.78

RSUs and PSUs

The following table presents activity of RSUs for the years ended December 31, 2023 and 2022:

			2023												2022
			# of Shares						Weighted Average Fair Value at Date of Grant						# of Shares						Weighted Average Fair Value at Date of Grant
Outstanding at January 1			343,142						$	23.41					—						$	—
Granted			277,479						25.33						—						—
Acquired and converted			—						—						472,181						23.41
Converted from RSAs			136,813						28.43						—						—
Forfeited			(69,627)						26.08						(5,172)						23.41
Vested			(125,737)						25.95						(123,867)						23.41
Outstanding at December 31			562,070						$	24.68					343,142						$	23.41

The following table presents activity of PSUs for the years ended December 31, 2023 and 2022:

			2023												2022
			# of Shares						Weighted Average Fair Value at Date of Grant						# of Shares						Weighted Average Fair Value at Date of Grant
Outstanding at January 1			320,732						$	23.57					—						$	—
Granted			105,867						26.74						320,732						23.57
Forfeited			(151,186)						24.12						—						—
Vested			(2,188)						26.74						—						—
Outstanding at December 31			273,225						$	24.47					320,732						$	23.57

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

A reconciliation of the average number of common and potential common shares outstanding used in the calculations of basic and diluted net income per share follows (in millions, shares in thousands):

			Years Ended December 31,
			2023						2022						2021
Numerator (basic and diluted):
Net income (loss)			$	(309.5)					$	(6.6)					$	88.9
Less: Dividends paid to participating securities			(0.7)						(0.9)						(0.6)
Less: Undistributed earnings available to participating securities			—						—						(0.5)
Undistributed and distributed earnings (loss) available to common stockholders			$	(310.2)					$	(7.5)					$	87.8
Denominator:
Average number of common shares outstanding			54,506.9						42,442.2						31,030.4
Effect of dilutive stock-based compensation(1)			—						—						369.9
Average number of common and potential common shares outstanding			54,506.9						42,442.2						31,400.3

(1) Diluted loss per share excludes the weighted average potential common shares as their inclusion would be anti-dilutive.

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- References

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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

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Disclosure of the number and weighted-average grant date fair value for restricted stock and restricted stock units that were outstanding at the beginning and end of the year, and the number of restricted stock and restricted stock units that were granted, vested, or forfeited during the year.

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