Earnings (Loss) Per Share (Tables)

9 Months Ended

Sep. 30, 2022

Earnings Per Share [Abstract]

Schedule of Common Shares Used to Compute Delek's Basic and Diluted Earnings (Loss) Per Share

The following table sets forth the computation of basic and diluted earnings per share.

	Three Months Ended				Nine Months Ended
	September 30,				September 30,
	2022		2021 (1)		2022		2021 (1)
Numerator:
Numerator for EPS
Net income (loss)	$	16.8	$	20.6	$	400.2	$	(90.2)
Less: Income attributed to non-controlling interest	9.4		8.8		24.4		24.7
Numerator for basic and diluted EPS attributable to Delek	$	7.4	$	11.8	$	375.8	$	(114.9)
Denominator:
Weighted average common shares outstanding (denominator for basic EPS)	70,471,645		74,074,446		71,494,332		73,930,925
Dilutive effect of stock-based awards	637,719		417,730		654,306		—
Weighted average common shares outstanding, assuming dilution (denominator for diluted EPS)	71,109,364		74,492,176		72,148,638		73,930,925
EPS:
Basic income (loss) per share	$	0.11	$	0.16	$	5.26	$	(1.55)
Diluted income (loss) per share	$	0.10	$	0.16	$	5.21	$	(1.55)
The following equity instruments were excluded from the diluted weighted average common shares outstanding because their effect would be antidilutive:
Antidilutive stock-based compensation (because average share price is less than exercise price)	2,138,130		3,711,184		2,380,376		2,967,725
Antidilutive due to loss	—		—		—		605,270
Total antidilutive stock-based compensation	2,138,130		3,711,184		2,380,376		3,572,995

(1) Adjusted to reflect the retrospective change in accounting policy from LIFO to FIFO for certain inventories. See Note 7 for further discussion.