Net (Loss) Income Per Common Share

12 Months Ended

Dec. 31, 2019

The following table presents the calculation of net income per common share on a basic and diluted basis:



	For the Years Ended December 31,
(in millions, except number of shares and per share amounts)	2019			2018		2017
Net (loss) income	$	(8.4	)	$	63.6	$	50.3
Weighted average common shares outstanding - basic	34,205,954			33,922,009		34,457,098
Effect of dilutive securities:
Equity compensation awards	—			756,772		914,546
Weighted average common shares outstanding - diluted	34,205,954			34,678,781		35,371,644
Net (loss) income per common share:
Basic	$	(0.25	)	$	1.87	$	1.46
Diluted	$	(0.25	)	$	1.83	$	1.42

Excluded from the weighted average common shares outstanding calculation at December 31, 2019, 2018 and 2017 are 11,315,889 shares, 11,315,889 shares and 10,785,007 shares, respectively, which are held as treasury shares. The shares are excluded as of their repurchase date. For the year ended December 31, 2019, 587,462 shares were not included in the calculation of diluted net income per common share as these instruments were anti-dilutive. In 2018 and 2017, there were no anti-dilutive shares of common stock to be excluded from the computation of diluted net income per common share.