EARNINGS PER SHARE (Tables)

12 Months Ended

Dec. 31, 2019

EARNINGS PER SHARE

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

	Year Ended December 31,
(In millions except per share data)	2019		2018		2017
Numerator
Net income (loss)	$	(307.4)	$	(5.2)	$	27.0
Preferred stock dividends		(5.0)		(4.9)		(5.0)
Net income (loss) available to common stockholders	$	(312.4)	$	(10.1)	$	22.0
Denominator
Basic weighted average common shares outstanding		64,303,438		61,654,820		37,592,549
Effect of dilutive securities:
Equivalent shares issuable upon achievement of Merger Agreement earn-out provision		—		—		1,250,000
Equivalent shares issuable upon exercises of stock options		—		—		254,312
Equivalent shares of restricted stock units		—		—		496,840
Denominator for diluted earnings per share - adjusted weighted average shares and assumed conversions		64,303,438		61,654,820		39,593,701
Basic earnings (loss) per common share	$	(4.86)	$	(0.16)	$	0.59
Diluted earnings (loss) per common share	$	(4.86)	$	(0.16)	$	0.56