Net Income (Loss) Per Common Share (Tables)

3 Months Ended

Mar. 31, 2023

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 March 31,
(in millions, except number of shares and per share amounts)	2023		2022
Net income (loss)	$	(33.8)	$	(1.0)
Less: Preferred share dividends	2.6		2.6
Net income (loss) attributable to common shareholders	(36.4)		(3.6)
Weighted average common shares outstanding - basic	35,099,968		34,891,935
Effect of dilutive securities:
Equity compensation awards	—		—
Weighted average common shares outstanding - diluted	35,099,968		34,891,935
Net income (loss) per common share:
Basic	$	(1.04)	$	(0.11)
Diluted	$	(1.04)	$	(0.11)