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Note 13 - Earnings Per Share (Tables)

9 Months Ended

Sep. 30, 2024

Notes Tables

Schedule of Earnings Per Share, Basic and Diluted [Table Text Block]

		*Three Months Ended*								*Nine Months Ended*
		*September 30,*								*September 30,*
(in millions)		*2024*				*2023*				*2024*				*2023*
Net earnings		$	18			$	2			$	76			$	70
Less: Series B Preferred stock cash dividends			(1	)			(1	)			(3	)			(3	)
Less: Series C Preferred stock in-kind dividends			(2	)			(1	)			(5	)			(4	)
Less: Preferred stock deemed dividends			—				—				(1	)			(1	)
Less: Earnings attributable to Series C Preferred shareholders			(2	)			—				(9	)			(8	)
Net earnings available to common shareholders - basic		$	13			$	—			$	58			$	54

Effect of dilutive securities:
Add back: Series B preferred stock cash and deemed dividends		$	1			$	—			$	4			$	4
Net earnings available to common shareholders - diluted		$	14			$	—			$	62			$	58

		*Three Months Ended*								*Nine Months Ended*
		*September 30,*								*September 30,*
(in millions of shares)		*2024*				*2023*				*2024*				*2023*
Weighted average shares — basic			80.3				79.5				80.0				79.3
Effect of dilutive securities
Unvested restricted stock units			1.7				—				1.6				0.9
Employee stock options			1.2				—				1.0				0.8
Series B Preferred Stock			9.5				—				9.5				9.5
Weighted average shares — diluted			92.7				79.5				92.1				90.5