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Earnings Per Common Share (Tables)
 6 Months Ended
Jun. 30, 2020
Earnings Per Share [Abstract]  
Computation of Basic and Diluted Earnings Per Share

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

 

 

 

Three Months Ended

June 30,

 

 

Six Months Ended

June 30,

 

(in millions, except per share amounts)

 

2020

 

 

2019

 

 

2020

 

 

2019

 

Numerator:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net loss

 

$

(7.8

)

 

$

(5.5

)

 

$

(41.8

)

 

$

(32.4

)

Preferred stock dividends

 

 

2.6

 

 

 

2.6

 

 

 

5.2

 

 

 

5.2

 

Net loss applicable to common shareowners - basic and diluted

 

$

(10.4

)

 

$

(8.1

)

 

$

(47.0

)

 

$

(37.6

)

Denominator:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Weighted average common shares outstanding - basic

 

 

50.6

 

 

 

50.4

 

 

 

50.6

 

 

 

50.3

 

Stock-based compensation arrangements

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

Weighted average common shares outstanding - diluted

 

 

50.6

 

 

 

50.4

 

 

 

50.6

 

 

 

50.3

 

Basic and diluted net loss per common share

 

$

(0.21

)

 

$

(0.16

)

 

$

(0.93

)

 

$

(0.75

)