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EARNINGS PER SHARE | 6 Months Ended
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Jun. 30, 2024
EARNINGS PER SHARE |
EARNINGS PER SHARE | NOTE 7—EARNINGS PER SHARE Basic earnings per ordinary share (“basic EPS”) is computed by dividing net income available to ordinary shareholders by the weighted average number of the Company’s ordinary shares outstanding for the applicable period. Diluted earnings per ordinary share (“diluted EPS”) is calculated using net income available to ordinary shareholders divided by diluted weighted average ordinary shares outstanding during each period, which includes unvested RSUs, option awards, and PSUs. Diluted EPS considers the impact of potentially dilutive securities except in periods in which there is a loss from continuing operations because the inclusion of the potential ordinary shares would have an anti-dilutive effect. The following table presents basic EPS and diluted EPS for the three and six months ended June 30, 2024 and 2023. ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Three Months Ended | ​ | Six Months Ended | ​
​ | ​ | June 30, | ​ | June 30, | ​
(in millions, except per share data) |  | 2024 |  | 2023 |  | 2024 |  | 2023 |
Earnings: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Net loss | ​ | $ | (67.8) | ​ | $ | (349.0) | ​ | $ | (143.3) | ​ | $ | (397.9) | ​
Shares: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Weighted average ordinary shares outstanding | ​ |  | 35.3 | ​ |  | 35.2 | ​ |  | 35.3 | ​ |  | 35.1 | ​
Dilutive effect of RSUs, option awards, and PSUs(1) | ​ |  | — | ​ |  | — | ​ |  | — | ​ |  | — | ​
Diluted weighted average ordinary shares outstanding | ​ |  | 35.3 | ​ |  | 35.2 | ​ |  | 35.3 | ​ |  | 35.1 | ​
Loss per share: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Loss per share‒basic | ​ | $ | (1.92) | ​ | $ | (9.93) | ​ | $ | (4.06) | ​ | $ | (11.34) | ​
Loss per share‒diluted | ​ | $ | (1.92) | ​ | $ | (9.93) | ​ | $ | (4.06) | ​ | $ | (11.34) | ​
(1) | Refer to Note 16 for discussion of RSUs, option awards, and PSUs granted to certain Company directors and employees. As the Company recorded a net loss for the three months and six months ended June 30, 2024 and June 30, 2023, potential shares related to equity-based awards have been excluded from the calculation of diluted EPS, as doing so would be anti-dilutive.

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