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(Loss) Earnings Per Share (Tables)
9 Months Ended
Sep. 30, 2013
(Loss) Earnings Per Share  
Schedule of the number of weighted average shares used to compute basic and diluted EPS

 

 

 

 

Three months ended
September 30,

 

Nine months ended
September 30,

 

(in millions, except per share data)

 

2013

 

2012

 

2013

 

2012

 

(Loss) earnings per share:

 

 

 

 

 

 

 

 

 

Net (loss) income

 

$

(1.8

)

$

8.5

 

$

(83.4

)

$

21.9

 

Preferred stock dividends

 

(1.0

)

 

(2.6

)

 

Net (loss) income less preferred stock dividends

 

(2.8

)

8.5

 

(86.0

)

21.9

 

Income allocated to participating securities

 

 

 

 

 

Net (loss) income available to common stockholders

 

$

(2.8

)

$

8.5

 

$

(86.0

)

$

21.9

 

Basic weighted average number of common shares outstanding

 

74.5

 

46.2

 

70.8

 

46.1

 

Assuming exercise of stock options and restricted shares

 

 

0.3

 

 

0.2

 

Diluted weighted average number of common shares outstanding

 

74.5

 

46.5

 

70.8

 

46.3

 

(Loss) earnings per share:

 

 

 

 

 

 

 

 

 

Basic

 

$

(0.04

)

$

0.18

 

$

(1.21

)

$

0.48

 

Diluted

 

$

(0.04

)

$

0.18

 

$

(1.21

)

$

0.47