Earnings (Loss) Per Share (Tables)

3 Months Ended

Mar. 31, 2020

Earnings Per Share [Abstract]

Schedule of Basic and Diluted Net Income (Loss) Per Common Share

Basic and diluted net income (loss) per common share are calculated as follows (in millions, except share and per share data):

	Three Months Ended March 31,
	2020		2019
Basic EPS:
Net income (loss)	$	18.2	$	0.2
Less dividends on preferred shares	(5.4)		(5.0)
Less income allocated to preferred shareholders	(6.2)		—
Net income (loss) available/(allocated) to common shareholders - basic	$	6.6	$	(4.8)
Diluted EPS:
Net income (loss)	$	18.2	$	0.2
Less dividends on preferred shares	(5.4)		(5.0)
Less income allocated to preferred shareholders	(5.0)		—
Net income (loss) available/(allocated) to common shareholders - diluted	$	7.8	$	(4.8)
Basic weighted-average common shares	114,441,043		109,802,632
Add: Effect of dilutive equity awards	11,893,514		—
Add: Effect of dilutive warrants	43,285,621		—
Diluted weighted average common shares	169,620,178		109,802,632
Net income (loss) per common share (basic)	$	0.06	$	(0.04)
Net income (loss) per common share (diluted)	$	0.05	$	(0.04)