Net Income (Loss) Per Common Share (Tables)

9 Months Ended

Sep. 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 September 30,				For the Nine Months Ended September 30,
(in millions, except number of shares and per share amounts)	2022		2021		2022		2021
Net income (loss)	$	(48.8)	$	22.4	$	(66.0)	$	122.0
Less: Preferred share dividends	2.6		2.6		7.9		7.9
Net income (loss) attributable to common shareholders	(51.4)		19.8		(73.9)		114.1
Weighted average common shares outstanding - basic	35,014,182		34,852,274		34,955,787		34,794,078
Effect of dilutive securities:
Equity compensation awards	—		181,976		—		265,888
Weighted average common shares outstanding - diluted	35,014,182		35,034,250		34,955,787		35,059,966
Net income (loss) per common share:
Basic	$	(1.47)	$	0.57	$	(2.11)	$	3.28
Diluted	$	(1.47)	$	0.56	$	(2.11)	$	3.26