Earnings Per Share (Tables)

9 Months Ended

Sep. 30, 2015

Schedule of Earnings Per Share, Basic and Diluted

A computation of the weighted average shares outstanding for the three and nine months ended September 30, 2015 and 2014 follows:



	Three Months Ended September 30,					Nine Months Ended September 30,
(amounts in millions, except per share amounts)	2015			2014		2015			2014
Net loss attributable to common stockholders	$	(122.3	)	$	11.9	$	(161.1	)	$	4.1
Basic weighted average common stock outstanding	210.9			137.3		198.6			124.5
Number of shares contingently issuable for founder preferred share dividend rights	—			11.7		—			11.7
Number of shares issuable upon conversion of founder preferred shares	—			2.0		—			2.0
Number of shares contingently issuable for the contingent consideration	—			1.6		—			0.4
Number of warrants	—			—		—			1.5
Number of shares issuable upon conversion of the 401k exchange rights	—			—		—			0.3
Number of stock options	—			0.1		—			0.1
Convertible and performance-based stock	—			15.4		—			16.0
Dilutive weighted average common stock outstanding	210.9			152.7		198.6			140.5
Earnings per share attributable to common stockholders:
Basic	$	(0.58	)	$	0.09	$	(0.81	)	$	0.03
Diluted	$	(0.58	)	$	0.08	$	(0.81	)	$	0.03

For the three and nine month ended September 30, 2015, no share adjustments are included in the dilutive weighted average shares outstanding computation as their effect would have been anti-dilutive.

Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share

For the three and nine months ended September 30, 2015 and 2014, the following securities were not included in the computation of diluted shares outstanding because the effect would be anti-dilutive or because performance targets were not yet achieved for awards contingent upon performance.



	Three Months Ended September 30,		Nine Months Ended September 30,
(amounts in thousands)	2015	2014	2015	2014
Number of shares contingently issuable to Founder Entities as stock dividend to Series A Preferred Stock	—	—	1,652	—
Number of shares issuable upon conversion of PDH Common Stock	8,207	8,775	8,207	8,775
Number of shares issuable upon conversion of Series A Preferred Stock	2,000	—	2,000	—
Number of shares issuable upon conversion of Series B Convertible Preferred Stock	22,108	—	18,544	—
Number of shares contingently issuable for the contingent consideration	2,496	—	1,719	1,161
Number of stock options	55	—	70	—
Number of restricted stock shares and units	60	19	94	8
Number of shares issuable under the employee stock purchase plan	2	—	1	—
	34,928	8,794	32,287	9,944