Earnings (Loss) Per Share of Common Stock

6 Months Ended

Jun. 30, 2020

Earnings (Loss) Per Share of Common Stock

EARNINGS (LOSS) PER SHARE OF COMMON STOCK

Earnings per share components may not add due to rounding.

The table below shows a reconciliation of the numerator and denominator for basic and diluted earnings (loss) per share calculations for the periods indicated.



	Three Months Ended June 30,					Six Months Ended June 30,
	2020			2019		2020			2019
Numerator
Net (loss) income from continuing operations	$	(6.3	)	$	5.3	$	(19.5	)	$	(11.3	)
Net income from discontinued operations	—			9.4		—			9.3
Net (loss) income	$	(6.3	)	$	14.7	$	(19.5	)	$	(2.0	)

Denominator
Weighted average number of common shares outstanding	21,574,595			25,602,519		21,551,024			25,726,288
Weighted average number of vested shares not yet issued	346,845			455,263		331,987			628,845
Weighted average number of common shares outstanding - Basic	21,921,440			26,057,782		21,883,011			26,355,133
Dilutive impact of stock-based compensation plans	—			81,701		—			—
Weighted average number of common shares outstanding - Diluted	21,921,440			26,139,483		21,883,011			26,355,133

For the three months and six months ended June 30, 2020 and the six months ended June 30, 2019 the diluted loss per share was calculated using basic common shares outstanding, as inclusion of potentially dilutive common shares would be anti-dilutive. For the three months ended June 30, 2019 the diluted earnings per share was calculated using net income available to common stockholders divided by the diluted weighted average number of common shares outstanding during the period, determined using the treasury stock method.

Performance-based employee compensation awards are considered potentially dilutive in the initial period in which the performance conditions are met.

The following awards were excluded from the computation of diluted earnings (loss) per share:



	Three Months Ended June 30,		Six Months Ended June 30,
	2020	2019	2020	2019
Potentially dilutive common shares excluded from diluted computation, as inclusion would be anti-dilutive	1,016,278	411,360	1,038,705	425,718
Performance awards excluded from diluted computation, as performance conditions not met	175,174	344,440	177,839	426,753