Net Income (Loss) Per Common Share (Tables)

6 Months Ended

Jun. 30, 2022

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 June 30,				For the Six Months Ended June 30,
(in millions, except number of shares and per share amounts)	2022		2021		2022		2021
Net income (loss)	$	(16.2)	$	69.8	$	(17.2)	$	99.6
Less: Preferred share dividends	2.7		2.7		5.3		5.3
Net income (loss) attributable to common shareholders	(18.9)		67.1		(22.5)		94.3
Weighted average common shares outstanding - basic	34,964,773		34,820,649		34,928,555		34,766,948
Effect of dilutive securities:
Equity compensation awards	—		192,131		—		216,856
Weighted average common shares outstanding - diluted	34,964,773		35,012,780		34,928,555		34,983,804
Net income (loss) per common share:
Basic	$	(0.54)	$	1.93	$	(0.64)	$	2.72
Diluted	$	(0.54)	$	1.92	$	(0.64)	$	2.70