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BASIC AND DILUTED EARNINGS PER COMMON SHARE
3 Months Ended
Mar. 31, 2019
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 per share are computed using the weighted-average number of common shares outstanding during each period. Shares used in diluted loss 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 three months ended March 31, 2019, diluted loss per share equals basic loss per share, as the assumed vesting of restricted stock, RSUs and LTIP RSUs would have an anti-dilutive effect. As of March 31, 2019 and 2018, there were no outstanding stock options under the Company's Stock Plan. See Note 12, "Stock Compensation Plan," for information on the LTIP RSUs.

Following are the components of basic and diluted loss per common share for the periods presented:
 
 
Three months ended March 31,
 
 
2019
 
2018
Numerator:
 
 
 
 
Loss from continuing operations, net of taxes
 
$
(75.8
)
 
$
(91.7
)
Income from discontinued operations, net of taxes
 
0.7

 
1.4

Net loss
 
$
(75.1
)
 
$
(90.3
)
Denominator:
 
 
 
 
Weighted-average common shares outstanding – Basic
 
52,913,388

 
52,673,672

Effect of dilutive restricted stock
 

 

Weighted-average common shares outstanding – Diluted
 
52,913,388

 
52,673,672

Basic loss per common share:
 
 
 
 
Continuing operations
 
$
(1.43
)
 
$
(1.74
)
Discontinued operations
 
0.01

 
0.03

Net loss per common share
 
$
(1.42
)
 
$
(1.71
)
Diluted loss per common share:
 
 
 
 
Continuing operations
 
$
(1.43
)
 
$
(1.74
)
Discontinued operations
 
0.01

 
0.03

Net loss per common share
 
$
(1.42
)
 
$
(1.71
)
 
 
 
 
 
Unvested restricted stock and RSUs under the Stock Plan(a)
 
571,069

 
104,411


(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.