EARNINGS PER SHARE (Tables)

3 Months Ended

Mar. 31, 2021

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 March 31,
		2021		2020
Numerator:
Net earnings (loss)		$	(1.9)	$	10.9
Less: Preferred stock dividends		(1.9)		—
Net earnings (loss) attributable to common stockholders (Basic and Diluted)		$	(3.8)	$	10.9

Denominator: (shares in thousands)
Denominator for basic EPS - weighted-average shares		49,264		48,973

Potentially dilutive shares resulting from stock plans (1)		—		735
Denominator for diluted EPS - weighted-average shares		49,264		49,708

Net earnings (loss) per share:
Basic		$	(0.08)	$	0.22
Diluted		$	(0.08)	$	0.22

(1) For the three months ended March 31, 2021, approximately 10.6 million 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 this aggregate exclusion, approximately 0.6 million represents options to purchase common stock and unvested shares of restricted stock or restricted stock units. For the three months ended March 31, 2020, approximately 0.1 million stock options had the effect of being anti-dilutive and were excluded from the computation of diluted EPS.