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Earnings (Loss) Per Share (Tables)
6 Months Ended
Jun. 30, 2022
Earnings Per Share [Abstract]  
Schedule of Earnings Per Share, Basic and Diluted

The following table sets forth the reconciliation of the numerator and the denominator of basic and diluted earnings (loss) per share for the three and six months ended June 30, 2022 and 2021:

 

 

Three Months Ended June 30,

 

 

Six Months Ended June 30,

 

 

 

2022

 

 

2021

 

 

2022

 

 

2021

 

Numerator:

 

 

 

 

 

 

 

 

 

 

 

 

Net income (loss), basic

 

$

74.5

 

 

$

54.0

 

 

$

111.6

 

 

$

63.8

 

Add convertible notes interest

 

 

0.5

 

 

 

1.2

 

 

 

1.2

 

 

 

2.5

 

Net income (loss), diluted

 

$

75.0

 

 

$

55.2

 

 

$

112.8

 

 

$

66.3

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Denominator:

 

 

 

 

 

 

 

 

 

 

 

 

Weighted average shares outstanding, basic

 

 

46.6

 

 

 

45.9

 

 

 

46.5

 

 

 

45.6

 

Dilutive effect of stock-based awards

 

 

2.2

 

 

 

1.9

 

 

 

2.2

 

 

 

1.6

 

Dilutive effect of convertible notes

 

 

4.0

 

 

 

8.3

 

 

 

4.6

 

 

 

8.6

 

Weighted average shares outstanding, diluted

 

 

52.8

 

 

 

56.1

 

 

 

53.3

 

 

 

55.8

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Basic earnings (loss) per share

 

$

1.60

 

 

$

1.18

 

 

$

2.40

 

 

$

1.40

 

Diluted earnings (loss) per share

 

$

1.42

 

 

$

0.98

 

 

$

2.12

 

 

$

1.19