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BASIC AND DILUTED EARNINGS PER COMMON SHARE
12 Months Ended
Dec. 31, 2017
Earnings Per Share, Basic and Diluted [Abstract]  
BASIC AND DILUTED EARNINGS PER COMMON SHARE
BASIC AND DILUTED EARNINGS PER COMMON SHARE
Shares used in basic (loss) earnings per share are computed using the weighted-average number of common shares outstanding during each period. Shares used in diluted (loss) earnings per share include the dilutive effect of unvested restricted stock under the Company’s Stock Plan using the treasury stock method. At December 31, 2017, 2016, and 2015 there were no outstanding stock options under the Company's Stock Plan.

Following are the components of basic and diluted (loss) earnings per common share for 2017, 2016 and 2015:
 
Year Ended December 31,
 
2017
 
2016
 
2015
Numerator:
 
 
 
 
 
(Loss) income from continuing operations, net of taxes
$
(185.3
)
 
$
(17.0
)
 
$
59.3

Income (loss) from discontinued operations, net of taxes
2.1

 
(4.9
)
 
(3.2
)
Net (loss) income
$
(183.2
)
 
$
(21.9
)
 
$
56.1

Denominator:
 
 
 
 
 
Weighted-average common shares outstanding – Basic
52,597,582

 
52,504,196

 
52,431,193

Effect of dilutive restricted stock

 

 
160,352

Weighted-average common shares outstanding – Diluted
52,597,582

 
52,504,196

 
52,591,545

Basic (loss) earnings per common share:
 
 
 
 
 
Continuing operations
$
(3.52
)
 
$
(0.33
)
 
$
1.13

Discontinued operations
0.04

 
(0.09
)
 
(0.06
)
Net (loss) income per common share
$
(3.48
)
 
$
(0.42
)
 
$
1.07

Diluted (loss) earnings per common share:
 
 
 
 
 
Continuing operations
$
(3.52
)
 
$
(0.33
)
 
$
1.13

Discontinued operations
0.04

 
(0.09
)
 
(0.06
)
Net (loss) income per common share
$
(3.48
)
 
$
(0.42
)
 
$
1.07

 
 
 
 
 
 
Unvested restricted stock awards under the Stock Plan (a)
20,804

 
109,481

 


(a)     These are outstanding common stock equivalents that were not included in the computation of diluted earnings per common share because their inclusion would have had an anti-dilutive effect.