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Net Income (Loss) Per Share (Tables)
3 Months Ended
Mar. 31, 2022
Earnings Per Share [Abstract]  
Components and Calculation of Basic and Diluted Net Income (Loss) Per Share

The following table presents the components and calculations of basic and diluted net income (loss) per share (in millions, except per share amounts; certain amounts may not recalculate due to rounding):

 

Three Months Ended March 31,

 

 

2022

 

 

2021

 

Numerator:

 

 

 

 

 

Net income (loss) from continuing operations

$

55.8

 

 

$

(10.5

)

Dividends on Preferred Stock

 

(6.0

)

 

 

(6.0

)

Undistributed income from continuing operations allocated to participating securities

 

(6.1

)

 

 

 

Net income (loss) from continuing operations attributable to common stockholders - Basic and Diluted

 

43.7

 

 

 

(16.5

)

Net income (loss) from discontinued operations attributable to common stockholders - Basic and Diluted

 

 

 

 

4.2

 

Net income (loss) attributable to common stockholders - Basic and Diluted

$

43.7

 

 

$

(12.3

)

 

 

 

 

 

 

Denominator:

 

 

 

 

 

Weighted-average common shares outstanding - Basic

 

70.1

 

 

 

69.6

 

Effect of common share equivalents

 

1.2

 

 

 

 

Weighted-average common shares outstanding - Diluted

 

71.3

 

 

 

69.6

 

 

 

 

 

 

 

Net income (loss) per share:

 

 

 

 

 

Basic - Continuing operations

$

0.62

 

 

$

(0.24

)

Basic - Discontinued operations

 

 

 

 

0.06

 

Basic net income (loss) per share

$

0.62

 

 

$

(0.18

)

 

 

 

 

 

 

Diluted - Continuing operations

$

0.61

 

 

$

(0.24

)

Diluted - Discontinued operations

 

 

 

 

0.06

 

Diluted net income (loss) per share

$

0.61

 

 

$

(0.18

)

Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share

The following table includes the number of shares that may be dilutive common shares in the future (in millions). These shares were not included in the computation of diluted net income (loss) per share because the effect was either anti-dilutive or the requisite performance conditions were not met:

 

Three Months Ended March 31,

 

 

2022

 

 

2021

 

Stock options

 

0.1

 

 

 

0.7

 

Preferred Stock

 

9.7

 

 

 

9.7

 

Equity forward contract

 

0.4