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BASIC AND DILUTED EARNINGS PER COMMON SHARE
12 Months Ended
Dec. 31, 2018
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, RSUs and LTIP RSUs under the Company’s Stock Plan using the treasury stock method. For the year ended December 31, 2018, diluted loss per share equals basic loss per share, as the assumed vesting of restricted stock and restricted stock units would have an anti-dilutive effect. As of December 31, 2018 and 2017, there were no outstanding stock options under the Company's Stock Plan. See Note 14, "Stock Compensation Plan," for information on the LTIP RSUs.

Following are the components of basic and diluted (loss) earnings per common share for the periods presented:
 
 
Year Ended December 31,
 
 
2018
 
2017
Numerator:
 
 
 
 
Loss from continuing operations, net of taxes
 
$
(294.1
)
 
$
(185.3
)
(Loss) income from discontinued operations, net of taxes
 
(0.1
)
 
2.1

Net loss
 
$
(294.2
)
 
$
(183.2
)
Denominator:
 
 
 
 
Weighted-average common shares outstanding – Basic
 
52,797,686

 
52,597,582

Effect of dilutive restricted stock
 

 

Weighted-average common shares outstanding – Diluted
 
52,797,686

 
52,597,582

Basic (loss) earnings per common share:
 
 
 
 
Continuing operations
 
$
(5.57
)
 
$
(3.52
)
Discontinued operations
 

 
0.04

Net loss per common share
 
$
(5.57
)
 
$
(3.48
)
Diluted (loss) earnings per common share:
 
 
 
 
Continuing operations
 
$
(5.57
)
 
$
(3.52
)
Discontinued operations
 

 
0.04

Net loss per common share
 
$
(5.57
)
 
$
(3.48
)
 
 
 
 
 
Unvested restricted stock and RSUs under the Stock Plan(a)
 
272,298

 
20,804


(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.