Net Income (Loss) Per Common Share (Tables)

9 Months Ended

Sep. 30, 2021

Earnings Per Share [Abstract]

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

The following table presents the calculation of net income (loss) 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)	2021		2020		2021		2020
Net income (loss)	$	22.4	$	(23.1)	$	122.0	$	(53.2)
Less: Preferred share dividends	2.6		2.0		7.9		2.0
Net income (loss) attributable to common shareholders	19.8		(25.1)		114.1		(55.2)
Weighted average common shares outstanding - basic	34,854,724		34,667,266		34,796,528		34,590,659
Effect of dilutive securities:
Equity compensation awards	181,976		—		265,888		—
Weighted average common shares outstanding - diluted	35,036,700		34,667,266		35,062,416		34,590,659
Net income (loss) per common share:
Basic	$	0.57	$	(0.72)	$	3.28	$	(1.60)
Diluted	$	0.56	$	(0.72)	$	3.26	$	(1.60)