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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 9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Sep. 30, 2024
Sep. 30, 2023
Numerator:        
Net income available to common shareholders [1] $ 12.0 $ 5.4 $ 39.7 $ 39.6
Denominator – Weighted-average common shares outstanding (in thousands):        
Basic 16,087 15,995 16,062 15,970
Add: dilutive effect of non-vested common shares, restricted stock units and performance shares [2] 248 159 229 140
Diluted 16,335 16,154 16,291 16,110
Net income per common share, Basic: $ 0.75 $ 0.34 $ 2.47 $ 2.48
Net income per common share, Diluted: $ 0.74 $ 0.34 $ 2.44 $ 2.46
[1] Represents Net income less distributed and undistributed earnings allocated to non-vested restricted stock awards that contain non-forfeitable rights to dividends.
[2] Quantities in the following discussion are denoted in whole shares. During the quarter and nine months ended September 30, 2024, approximately 120 and 700 shares, respectively, were excluded from the weighted-average diluted shares computation as their inclusion would have been anti‑dilutive. For the quarter and nine months ended September 30, 2023, approximately 4,800 and 14,000 shares, respectively, were excluded from the weighted-average diluted shares computation as their inclusion would have been anti‑dilutive.