Net Income (Loss) per Common Share (Tables)

9 Months Ended

Sep. 30, 2022

Earnings Per Share [Abstract]

Schedule of Earnings Per Share, Basic and Diluted

The following table presents the computation of basic and diluted net income (loss) per share under the two-class method for the three and nine months ended September 30, 2022 and 2021 (in millions, except for per share amounts):

	Three Months Ended September 30,				Nine Months Ended September 30,
	2022		2021		2022		2021
Net income from continuing operations	$	20.3	$	23.2	64.7		49.8
Less: Distributed net income available to participating securities	0.0		0.0		(0.1)		(0.1)
Less: Undistributed net income available to participating securities	(0.1)		(0.1)		(0.2)		(0.1)
Numerator for basic net income per share:
Undistributed and distributed net income available to common shareholders	$	20.2	$	23.1	$	64.4	$	49.6
Add: Undistributed net income allocated to participating securities	0.1		0.1		0.2		0.1
Less: Undistributed net income reallocated to participating securities	(0.1)		(0.1)		(0.2)		(0.1)
Numerator for diluted net income per share:
Undistributed and distributed net income available to common shareholders	$	20.2	$	23.1	64.4		49.6
Denominator:
Weighted average shares outstanding for basic net income per share	38.0		37.8		38.0		37.7
Effect of dilutive securities	0.1		0.2		0.1		0.2
Weighted average shares outstanding for diluted net income per share	38.1		38.0		38.1		37.9
Net income per share from continuing operations:
Basic	$	0.53	$	0.61	$	1.70	$	1.31
Diluted	$	0.53	$	0.61	$	1.69	$	1.31
Net (loss) income from discontinued operations	$	(0.1)	$	(0.1)	$	0.3	$	10.5
Less: Undistributed net income available to participating securities	0.0		0.0		0.0		(0.1)
Numerator for basic net (loss) income per share:
Undistributed and distributed net (loss) income available to common shareholders	$	(0.1)	$	(0.1)	$	0.3	$	10.4
Add: Undistributed net income allocated to participating securities	0.0		0.0		0.0		0.1
Less: Undistributed net income reallocated to participating securities	0.0		0.0		0.0		(0.1)
Numerator for diluted net (loss) income per share:
Undistributed and distributed net (loss) income available to common shareholders	$	(0.1)	$	(0.1)	$	0.3	$	10.4
Net (loss) income per share from discontinued operations:
Basic	$	0.00	$	0.00	$	0.01	$	0.28
Diluted	$	0.00	$	0.00	$	0.01	$	0.28
Net income per share:
Basic	$	0.53	$	0.61	$	1.71	$	1.59
Diluted	$	0.53	$	0.61	$	1.70	$	1.59
Potentially dilutive securities	0.1		0.1		0.1		0.1