Net Income Per Share (Tables)

6 Months Ended

Jun. 30, 2020

Earnings Per Share [Abstract]

Schedule of Net Income Per Share

	Three Months Ended   June 30,					Six Months Ended   June 30,
	2020		2019			2020		2019
Numerator (in millions):
Net income (loss)	$	33.7	$	(15.6	)	$	45.0	$	(36.5	)
Preferred stock dividends - undeclared and cumulative	2.0		2.0			4.0		4.0
Net income (loss) allocable to common stockholders	$	31.7	$	(17.6	)	$	41.0	$	(40.5	)
Denominator (in thousands):
Average common shares outstanding - basic	9,675		9,565			9,647		9,549
Potentially dilutive shares related to stock options and restricted stock units (a)	252		—			235		—
Average common shares outstanding - diluted	9,927		9,565			9,882		9,549
Net income (loss) per common share (in dollars):
Basic	$	3.28	$	(1.84	)	$	4.25	$	(4.24	)
Diluted	$	3.19	$	(1.84	)	$	4.15	$	(4.24	)
(a) Common stock equivalents excluded from the diluted calculation as a result of a net loss in the period (in thousands)	—		77			—		80
Options outstanding and considered anti-dilutive as their exercise price exceeded the average share market price (in thousands)	—		360			—		360