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Basic and Diluted Earnings per Share (Tables)
6 Months Ended
Jun. 30, 2024
Earnings Per Share [Abstract]  
Schedule of Reconciliation of Calculation of Basic Loss per Share to Diluted Loss per Share
Three Months Ended June 30,Six Months Ended June 30,
2024202320242023
Basic earnings (loss) per share
Net income (loss)$10.5 $15.5 $40.6 $(24.7)
Weighted average shares of common stock outstanding
7,821,128 7,652,563 7,766,331 7,593,391 
Basic earnings (loss) per share$1.34 $2.02 $5.23 $(3.25)
Diluted earnings (loss) per share
Net income (loss)$10.5 $15.5 $40.6 $(24.7)
Weighted average shares of common stock outstanding7,821,128 7,652,563 7,766,331 7,593,391 
Effect of dilutive elements
Common stock warrants3,713 115,977 36,148 — 
Common stock awards93,831 151,047 179,950 — 
Dilutive weighted average shares of common stock
7,918,672 7,919,587 7,982,429 7,593,391 
Diluted earnings (loss) per share$1.33 $1.95 $5.09 $(3.25)
Stock options and common stock awards excluded from the computation of diluted earnings (loss) per share
Anti-dilutive (1)264,110 84,748 148,027 59,703 
Market-based (2)64,085 61,354 64,085 61,354 
(1)Includes stock options and stock awards that are anti-dilutive based on the application of the treasury stock method.
(2)Shares that are issuable upon the achievement of certain market-based performance criteria related to Onity’s stock price.