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Earnings Per Share - Schedule of Calculation of Basic and Diluted Net Income Per Share (Details) - USD ($)
$ / shares in Units, shares in Thousands, $ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Jun. 30, 2024
Jun. 30, 2023
Numerator:        
Net income available to common shareholders [1] $ 3.1 $ 18.3 $ 27.7 $ 34.2
Denominator – Weighted-average common shares outstanding (in thousands):        
Basic 16,072 15,974 16,050 15,957
Add: dilutive effect of non-vested common shares, restricted stock units and performance shares [2] 326 109 271 133
Diluted 16,398 16,083 16,321 16,090
Net income per common share, Basic: $ 0.19 $ 1.14 $ 1.72 $ 2.14
Net income per common share, Diluted: $ 0.19 $ 1.14 $ 1.69 $ 2.12
[1] Represents Net income less distributed and undistributed earnings allocated to non-vested RSAs that contain non-forfeitable rights to dividends.
[2] Quantities in the following discussion are denoted in whole shares. During the quarter and six months ended June 30, 2024, approximately 170 and 370 shares, respectively, were excluded from the weighted-average diluted shares computation as their inclusion would have been anti‑dilutive. For the quarter and six months ended June 30, 2023, approximately 42,000 and 16,000 shares, respectively, were excluded from the weighted-average diluted shares computation as their inclusion would have been anti‑dilutive.