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Earnings Per Common Share (Tables)
9 Months Ended
Sep. 30, 2017
Earnings Per Share [Abstract]  
Schedule of Calculation of Numerator and Denominator in Earnings Per Share [Table Text Block]
The following table shows the computation of basic and diluted EPS:
 
 
Three Months Ended
 
September 30,
(in millions, except per share amounts)
2017
 
2016
Numerator:
 
 
 
Net (loss) income
$
(11.2
)
 
$
18.8

Preferred stock dividends
2.6

 
2.6

Net (loss) income applicable to common shareowners - basic and diluted
$
(13.8
)
 
$
16.2

Denominator:
 
 
 
Weighted average common shares outstanding - basic
42.2

 
42.0

Stock-based compensation arrangements

 
0.1

Weighted average common shares outstanding - diluted
42.2

 
42.1

Basic (loss) earnings per common share
$
(0.33
)
 
$
0.39

Diluted (loss) earnings per common share
$
(0.33
)
 
$
0.38



 
Nine Months Ended
 
September 30,
(in millions, except per share amounts)
2017
 
2016
Numerator:
 
 
 
Net income
$
51.3

 
$
103.4

Preferred stock dividends
7.8

 
7.8

Net income applicable to common shareowners - basic and diluted
$
43.5

 
$
95.6

Denominator:
 
 
 
Weighted average common shares outstanding - basic
42.1

 
42.0

Stock-based compensation arrangements
0.2

 
0.1

Weighted average common shares outstanding - diluted
42.3

 
42.1

Basic earnings per common share
$
1.03

 
$
2.28

Diluted earnings per common share
$
1.03

 
$
2.27