EARNINGS (LOSS) PER SHARE (Tables)

6 Months Ended

Jun. 30, 2022

Earnings Per Share [Abstract]

Summary to reconcile basic weighted average common stock outstanding to diluted weighted average common stock outstanding

The following table sets forth the computation of basic and diluted earnings per share under the two-class method:

	Three Months Ended						Six Months Ended
	June 30,						June 30,
(in millions, except per share data)	2022			2021			2022			2021
Numerator:
Net income	$	17.7		$	35.3		$	30.7		$	28.0
Less Series A Preferred Stock dividends		(1.2	)		(1.3	)		(2.5	)		(2.5	)
Net income attributable to common stockholders		16.5			34.0			28.2			25.5
Allocation of earnings to non-vested participating RSUs		(0.2	)		(0.3	)		(0.3	)		(0.2	)
Numerator for basic EPS - income available to common stockholders - two class method	$	16.3		$	33.7		$	27.9		$	25.3
Effect of dilutive securities:
Add back Series A Preferred Stock dividends	$	1.2		$	1.3		$	2.5		$	—
Add back allocation earnings to participating securities		0.2			0.3			0.3			0.2
Reallocation of earnings to participating securities considering potentially dilutive securities		(0.2	)		(0.3	)		(0.3	)		(0.2	)
Numerator for diluted EPS - income available to common shareholders - two class method	$	17.5		$	35.0		$	30.4		$	25.3
Denominator:
Denominator for basic EPS - weighted-average shares		63,470,040			64,842,620			63,182,277			64,960,833
Effect of dilutive securities:
Stock options and PSUs		2,432,826			1,371,510			2,484,663			1,193,738
Series A Preferred Stock		5,652,173			5,652,173			5,652,173			—
Denominator for diluted EPS - weighted-average shares		71,555,039			71,866,303			71,319,113			66,154,571
Basic earnings per share	$	0.26		$	0.52		$	0.44		$	0.39
Diluted earnings per share	$	0.24		$	0.49		$	0.43		$	0.38