Earnings per Share (Tables)

12 Months Ended

Dec. 31, 2020

Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share

The stock options, RSAs, convertible preferred shares and convertible debt that could potentially dilute basic EPS in the future that were not included in the computation of diluted loss per share were as follows:


(in millions)			For the year ended December 31, 2020
Assumed conversion of dilutive stock options			3.0
Assumed conversion of dilutive RSAs			0.5
Assumed conversion of convertible preferred shares			0.7
Assumed conversion of convertible debt			9.1

Schedule of reconciliation of the weighted-average common shares outstanding

The following table reconciles the weighted-average common shares outstanding used in the calculation of basic EPS to the weighted-average common shares outstanding used in the calculation of diluted EPS for the years ended December 31, 2019 and 2018:


	For the year ended December 31,
(in millions)	2019	2018
Weighted-average common shares outstanding—Basic	115.7	97.1
Assumed conversion of:
Dilutive stock options	1.8	3.0
Dilutive RSAs	0.3	0.2
Weighted-average common shares outstanding—Diluted	117.8	100.3

Schedule of calculation of basic and diluted EPS

The following table presents the calculation of basic and diluted earnings (loss) for the Company’s common stock for the years ended December 31, 2020, 2019 and 2018:



(in millions, except per share data)	2020		2019		2018
Calculation of basic earnings (loss) per share:
Net income (loss) applicable to common stock	$	(669.5)	$	43.9	$	93.5
Weighted-average common shares outstanding - basic	134.0		115.7		97.1
Basic earnings (loss) per share	$	(5.00)	$	0.38	$	0.96

Calculation of diluted earnings (loss) per share:
Net income (loss) applicable to common stock	(669.5)		$	43.9	$	93.5
Weighted-average common shares outstanding - diluted	134.0		117.8		100.3
Diluted earnings (loss) per share	$	(5.00)	$	0.37	$	0.93