Year Ended December 31,

(in millions except per share data)

2025

2024

2023

Net income (loss)

$

41.3

$

(101.6

)

$

(21.8

)

Determination of shares:

Weighted-average number of common shares outstanding

92.1

95.6

95.3

Shares issuable on exercise of stock awards, net of shares assumed to be purchased out of proceeds at average market price

1.9

—

—

Average common shares outstanding for fully diluted computation(1)

94.0

95.6

95.3

Per share:

Basic income (loss) per share

$

0.45

$

(1.06

)

$

(0.23

)

Diluted income (loss) per share

$

0.44

$

(1.06

)

$

(0.23

)

Shares outstanding as of December 31,

90.1

92.9

94.9