Net (Loss) Income Per Common Share (Tables)

9 Months Ended

Sep. 30, 2020

Earnings Per Share [Abstract]

Net Income (Loss) Per Common Share on Basic and Diluted Basis

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

	For the Three Months Ended September 30,				For the Nine Months Ended September 30,
(in millions, except number of shares and per share amounts)	2020		2019		2020		2019
Net (loss) income	$	(29.6)	$	(25.1)	$	(54.8)	$	94.9
Less: Preferred share dividends	2.0		—		2.0		—
Net (loss) income attributable to common shareholders	(31.6)		(25.1)		(56.8)		94.9
Weighted average common shares outstanding - basic	34,667,266		34,299,999		34,590,659		34,161,016
Effect of dilutive securities:
Equity compensation awards	—		—		—		608,606
Weighted average common shares outstanding - diluted	34,667,266		34,299,999		34,590,659		34,769,622
Net (loss) income per common share:
Basic	$	(0.91)	$	(0.73)	$	(1.64)	$	2.78
Diluted	$	(0.91)	$	(0.73)	$	(1.64)	$	2.73