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Note 15 - Earnings Per Share (Tables) | 6 Months Ended
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Jun. 30, 2021
Earnings Per Share [Abstract] |
Summary of Reconciliation of Basic and Diluted Earnings Per Share | A reconciliation of the amounts used to calculate basic and diluted earnings per share for the three and six months ended June 30, 2021 and 2020 follows:
|  | Three Months Ended |  |  | Six Months Ended |
|  | June 30, |  |  | June 30, |
(in millions) |  | 2021 |  |  | 2020 |  |  | 2021 |  |  | 2020 |
Net income (loss) |  | $ | 16 |  |  | $ | (5 | ) |  | $ | 22 |  |  | $ | (116 | )
Less: Series B preferred stock cash and deemed dividends |  |  | (1 | ) |  |  | — |  |  |  | (2 | ) |  |  | — |
Less: Series C preferred stock in-kind and deemed dividends |  |  | (2 | ) |  |  | — |  |  |  | (2 | ) |  |  | — |
Less: Series A preferred stock cash and deemed dividends |  |  | — |  |  |  | (5 | ) |  |  | (3 | ) |  |  | (10 | )
Plus: Expiration of Series A preferred stock embedded derivative |  |  | — |  |  |  | — |  |  |  | 11 |  |  |  | — |
Net income (loss) available to common shareholders - basic |  | $ | 13 |  |  | $ | (10 | ) |  | $ | 26 |  |  | $ | (126 | )
Effect of dilutive securities: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Add back: Series B preferred stock cash and deemed dividends |  | $ | 1 |  |  | $ | — |  |  | $ | 2 |  |  |  | — |
Add back: Series C preferred stock cash and deemed dividends |  |  | 2 |  |  |  | — |  |  |  | 2 |  |  |  | — |
Net income (loss) available to common shareholders - diluted |  | $ | 16 |  |  | $ | (10 | ) |  | $ | 30 |  |  | $ | (126 | )
|  | Three Months Ended |  |  | Six Months Ended |
|  | June 30, |  |  | June 30, |
(in millions of shares) |  | 2021 |  |  | 2020 |  |  | 2021 |  |  | 2020 |
Weighted average shares — basic |  |  | 78.5 |  |  |  | 43.7 |  |  |  | 78.2 |  |  |  | 43.7 |
Effect of dilutive securities |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Series B preferred stock |  |  | 9.5 |  |  |  | — |  |  |  | 6.5 |  |  |  | — |
Series C preferred stock |  |  | 10.0 |  |  |  | — |  |  |  | 6.4 |  |  |  | — |
Employee stock options |  |  | 2.0 |  |  |  | — |  |  |  | 2.2 |  |  |  | — |
Unvested restricted stock units |  |  | 0.6 |  |  |  | — |  |  |  | 0.6 |  |  |  | — |
Weighted average shares — diluted |  |  | 100.6 |  |  |  | 43.7 |  |  |  | 93.9 |  |  |  | 43.7 |

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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 -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=6371337&loc=d3e3550-109257 + Details
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