Earnings (Loss) Per Share (Tables)

3 Months Ended

Mar. 31, 2022

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:

	Three Months Ended March 31,
	2022		2021
Basic EPS:
Net income	$	29.4	$	25.8
Less dividends on preferred shares (1)	—		(592.3)
Net income (loss) available/(allocated) to common shareholders - basic	$	29.4	$	(566.5)
Diluted EPS:
Net income	$	29.4	$	25.8
Less dividends on preferred shares (1)	—		(592.3)
Net income (loss) available/(allocated) to common shareholders - diluted	$	29.4	$	(566.5)
Basic weighted-average common shares	278,747,261		239,290,145
Add: Effect of dilutive equity awards	6,472,685		—
Add: Effect of dilutive warrants	35,823,425		—
Diluted weighted average common shares	321,043,371		239,290,145
Net income (loss) per common share (basic)	$	0.11	$	(2.37)
Net income (loss) per common share (diluted)	$	0.09	$	(2.37)

(1) The 2021 dividend on preferred shares includes amounts related to the conversion of the preferred shares. See Note 16 of the Company’s 2021 Form 10-K for more information.