Earnings Per Share

3 Months Ended

Mar. 31, 2020

Note 4: Earnings Per Share

Earnings (Loss) per Share ("EPS") is calculated by dividing the Net earnings or loss attributable to shareholders by the Weighted average shares outstanding. As the Company was in a loss position for the three months ended March 31, 2020 and 2019, the Company has determined all potentially dilutive shares would be anti-dilutive in these periods and therefore are excluded from the calculation of diluted weighted average shares outstanding. As a result, the calculation of weighted average shares outstanding is the same for basic and diluted EPS.

Potentially dilutive securities of approximately 3.9 million and 7.4 million for the three months ended March 31, 2020 and 2019, respectively, were excluded from the computation of diluted EPS because their effect would have been anti-dilutive in these periods.

The following is a calculation of EPS (in millions, except per share amounts):



	Three Months Ended March 31,
	2020			2019
Basic and Diluted EPS
Net loss attributable to shareholders	$	(55.1	)	$	(20.9	)
Weighted average shares outstanding for basic and diluted loss per share	219.9			216.6
Basic and diluted loss per share attributable to common shareholders	$	(0.25	)	$	(0.10	)