EARNINGS PER SHARE (Tables)

9 Months Ended

Sep. 30, 2020

Schedule of Computation of Basic and Diluted Earnings Per Share

The following table sets forth the computation of basic and diluted EPS for the periods presented (in millions):


	Three Months Ended September 30,				Nine Months Ended September 30,
	2020		2019		2020		2019
Numerator:
Net earnings	$	7.0	$	17.5	$	8.3	$	57.1
Less: Preferred stock dividends	(1.4)		—		(1.4)		—
Net earnings available to common stockholders (Basic and Diluted)	$	5.6	$	17.5	$	6.9	$	57.1

Denominator: (shares in thousands)
Denominator for basic EPS - weighted-average shares	49,112		48,873		49,057		48,835

Potentially dilutive shares resulting from stock plans (1)	329		701		428		525
Denominator for diluted EPS - weighted-average shares	49,441		49,574		49,485		49,360

Net earnings per share:
Basic	$	0.11	$	0.36	$	0.14	$	1.17
Diluted	$	0.11	$	0.35	$	0.14	$	1.16

(1) For the three months and nine months ended September 30, 2020, approximately 8.0 million and 2.9 million, respectively, of potentially dilutive securities, including common shares issuable upon assumed conversion of the Series A Preferred Stock, and outstanding equity awards granted under stock compensation plans, had the effect of being anti-dilutive and were excluded from the computation of diluted EPS. Of these aggregate exclusions, 0.4 million in both periods represents options to purchase common stock and unvested shares of restricted stock or restricted stock units, while the remaining balance represents common shares issuable upon the assumed conversion of the Series A Preferred Stock.