Net income (loss) per common share

3 Months Ended

Mar. 31, 2021

Net income (loss) per common share

Earnings per share

15. NET INCOME (LOSS) PER COMMON SHARE

The following table includes the calculation of basic and diluted net income (loss) per common share:

	Three Months Ended March 31,
	2021		2020
Loss from continuing operations	$	(84)	$	(78)
Income from discontinued operations, net of tax		—		30
Net loss	$	(84)	$	(48)
Weighted average number of common shares outstanding-basic		64.8		60.1
Weighted dilutive effect of equity awards		—		—
Weighted average number of common shares outstanding-diluted		64.8		60.1
Basic net income (loss) per common share:
Loss from continuing operations	$	(1.30)	$	(1.30)
Income from discontinued operations, net of tax		—		0.50
Basic net loss per common share	$	(1.30)	$	(0.80)
Diluted net income (loss) per common share:
Loss from continuing operations	$	(1.30)	$	(1.30)
Income from discontinued operations, net of tax		—		0.50
Diluted net loss per common share	$	(1.30)	$	(0.80)

The weighted average number of common shares outstanding for the three months ended March 31, 2021 includes 10 million shares of the Company’s common stock issued in connection with the Offering. See Note 10 for further details.

For the three months ended March 31, 2021 and 2020 approximately 5 million and 4 million awards, respectively, were excluded from the diluted weighted average number of ordinary common shares outstanding calculation because their effect would have been anti-dilutive.