Three Months Ended
December 31,

2024

2023

Basic (Loss) per common share

Numerator:

Net (loss)

$

(10.4

)

$

(16.4

)

 Less: dividends on Series A convertible preferred shares

(9.0

)

(8.9

)

 Less: Earnings allocated to Convertible Preferred Shares

—

—

Net (loss) available to common shareholders

$

(19.4

)

$

(25.3

)

Denominator:

Weighted average number of common shares outstanding – basic

95,166,000

93,986,000

Basic (loss) per share

$

(0.20

)

$

(0.27

)

Diluted (loss) per common share

Numerator:

Net (loss) available to common shareholders – diluted

$

(19.4

)

$

(25.3

)

Denominator:

Weighted average number of common shares outstanding – basic

95,166,000

93,986,000

Dilutive effect of:

Stock compensation awards

—

—

Series A convertible preferred stock

—

—

Weighted average number of common shares outstanding – diluted

95,166,000

93,986,000

Diluted (loss) per share

$

(0.20

)

$

(0.27

)

Other Information:

Weighted average number of anti-dilutive Series A convertible preferred shares, options and restricted stock(a)

58,942,000

59,434,000