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Basic and Diluted Loss Per Common Share (Tables)

12 Months Ended

Dec. 31, 2022

The following table presents a reconciliation of net loss used in the basic and diluted EPS calculations (in millions, except per share amounts):


	Years Ended December 31,
		2022		2021
Loss from continuing operations		$	(42.0)	$	(86.3)
Loss from continuing operations attributable to noncontrolling interest and redeemable noncontrolling interest		6.1		7.8
Loss from continuing operations attributable to INNOVATE Corp.		(35.9)		(78.5)
Less: Preferred dividends and deemed dividends from conversions		4.9		2.2
Loss from continuing operations attributable to INNOVATE common stockholders		(40.8)		(80.7)
Loss from discontinued operations		—		(149.9)
Loss from discontinued operations attributable to noncontrolling interest and redeemable noncontrolling interest		—		0.9
Loss from discontinued operations, net of tax and noncontrolling interest		—		(149.0)
Net loss attributable to common stockholders		$	(40.8)	$	(229.7)













Numerator for loss per share - basic and diluted
Net loss from continuing operations attributable to common stock		$	(40.8)	$	(80.7)
Net loss from discontinued operations attributable to common stock		—		(149.0)
Net loss attributable to common stock - basic and diluted		$	(40.8)	$	(229.7)









Denominator for basic and dilutive loss per share



Weighted average common shares outstanding		77.5		77.1

Loss per share - continuing operations - basic and diluted		$	(0.53)	$	(1.05)



Loss per share - discontinued operations - basic and diluted		$	—	$	(1.93)



Loss per share - basic and diluted		$	(0.53)	$	(2.98)