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Earnings Per Common Share (Tables)
9 Months Ended
Sep. 30, 2019
Earnings Per Share [Abstract]  
Computation of Basis and Diluted Earnings Per Share

The following table shows the computation of basic and diluted EPS:

 

 

 

Three Months Ended

September 30,

 

 

Nine Months Ended

September 30,

 

(in millions, except per share amounts)

 

2019

 

 

2018

 

 

2019

 

 

2018

 

Numerator:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net loss

 

$

(13.6

)

 

$

(17.7

)

 

$

(46.0

)

 

$

(39.8

)

Preferred stock dividends

 

 

2.6

 

 

 

2.6

 

 

 

7.8

 

 

 

7.8

 

Net loss applicable to common shareowners - basic and diluted

 

$

(16.2

)

 

$

(20.3

)

 

$

(53.8

)

 

$

(47.6

)

Denominator:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Weighted average common shares outstanding - basic

 

 

50.4

 

 

 

50.1

 

 

 

50.4

 

 

 

45.0

 

Stock-based compensation arrangements

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

Weighted average common shares outstanding - diluted

 

 

50.4

 

 

 

50.1

 

 

 

50.4

 

 

 

45.0

 

Basic and diluted net loss per common share

 

$

(0.32

)

 

$

(0.41

)

 

$

(1.07

)

 

$

(1.06

)