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Note 13 - Earnings Per Share (Tables) | 6 Months Ended
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Jun. 30, 2024
Notes Tables |
Schedule of Earnings Per Share, Basic and Diluted [Table Text Block] |
|  | Three Months Ended |  |  | Six Months Ended |
|  | June 30, |  |  | June 30, |
(in millions) |  | 2024 |  |  | 2023 |  |  | 2024 |  |  | 2023 |
Net earnings |  | $ | 26 |  |  | $ | 35 |  |  | $ | 58 |  |  | $ | 68 |
Less: Series B Preferred stock cash dividends |  |  | (1 | ) |  |  | (1 | ) |  |  | (2 | ) |  |  | (2 | )
Less: Series C Preferred stock in-kind dividends |  |  | (2 | ) |  |  | (2 | ) |  |  | (3 | ) |  |  | (3 | )
Less: Preferred stock deemed dividends |  |  | — |  |  |  | — |  |  |  | (1 | ) |  |  | (1 | )
Less: Earnings attributable to Series C Preferred shareholders |  |  | (3 | ) |  |  | (4 | ) |  |  | (7 | ) |  |  | (8 | )
Net earnings available to common shareholders - basic |  | $ | 20 |  |  | $ | 28 |  |  | $ | 45 |  |  | $ | 54 |
Effect of dilutive securities: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Add back: Series B preferred stock cash and deemed dividends |  | $ | 1 |  |  | $ | 1 |  |  | $ | 3 |  |  | $ | 2 |
Add back: Convertible Notes interest expense |  |  | — |  |  |  | 1 |  |  | $ | — |  |  |  | 2 |
Net earnings available to common shareholders - diluted |  | $ | 21 |  |  | $ | 30 |  |  | $ | 48 |  |  | $ | 58 |
|  | Three Months Ended |  |  | Six Months Ended |
|  | June 30, |  |  | June 30, |
(in millions of shares) |  | 2024 |  |  | 2023 |  |  | 2024 |  |  | 2023 |
Weighted average shares — basic |  |  | 80.1 |  |  |  | 79.4 |  |  |  | 79.9 |  |  |  | 79.3 |
Effect of dilutive securities |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Unvested restricted stock units |  |  | 1.7 |  |  |  | 0.9 |  |  |  | 1.6 |  |  |  | 0.8 |
Employee stock options |  |  | 1.1 |  |  |  | 0.7 |  |  |  | 0.9 |  |  |  | 0.6 |
Series B Preferred Stock |  |  | 9.5 |  |  |  | 9.5 |  |  |  | 9.5 |  |  |  | 9.5 |
Convertible Notes |  |  | — |  |  |  | 2.5 |  |  |  | — |  |  |  | 2.5 |
Weighted average shares — diluted |  |  | 92.4 |  |  |  | 93.0 |  |  |  | 91.9 |  |  |  | 92.7 |

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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 -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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