Earnings Per Share

3 Months Ended

Mar. 31, 2025

12. Earnings per Share

The computation of earnings per share for the three months ended March 31, 2025 and 2024 was as follows:


	Three Months Ended March 31,
(in millions except per share data)	2025			2024
Net loss	$	(13.2	)	$	(6.3	)
Determination of shares:
Weighted-average number of common shares outstanding		93.3			95.7
Shares issuable on exercise of stock awards, net of shares assumed to be purchased out of proceeds at average market price		—			—
Average common shares outstanding for fully diluted computation(1)		93.3			95.7

Per share:
Basic loss per share	$	(0.14	)	$	(0.07	)
Diluted loss per share(1)	$	(0.14	)	$	(0.07	)
Shares outstanding as of March 31,		90.1			95.6

(1)

Diluted by assumed exercise of stock-based compensation awards using the treasury stock method.

For the three months ended March 31, 2025 and 2024, approximately 9.5 million and 9.8 million shares, respectively were excluded from the computation of diluted earnings per share as their effect would have been anti-dilutive.

Under our stock repurchase program, during the three months ended March 31, 2025, we repurchased and retired 3.2 million shares, and during the three months ended March 31, 2024, we did not repurchase or retire any shares. For each of the three months ended March 31, 2025 and 2024, we acquired 0.2 million and 0.4 million shares, respectively, related to tax withholding for share-based compensation.