LOSS PER SHARE

3 Months Ended

Mar. 31, 2020

Earnings Per Share [Abstract]

LOSS PER SHARE

LOSS PER SHARE

Basic loss per share is computed by dividing net loss available to common stockholders by the weighted average number of common shares outstanding. Diluted loss per share reflects, in periods with earnings and in which it has a dilutive effect, the effect of common shares issuable upon exercise of stock options and warrants.

The table below details the calculations of loss per share (in millions, except for share and per share amounts):  

	Three Months Ended March 31,
	2020		2019
Numerator for basic and diluted EPS – net loss available to common stockholders	$	(83.3)	$	(27.3)
Denominator for basic EPS – weighted average shares	57,259,699		55,839,212
Effect of dilutive securities	—		—
Denominator for diluted EPS – weighted average shares	57,259,699		55,839,212
Loss per share:
Basic	$	(1.45)	$	(0.49)
Diluted	$	(1.45)	$	(0.49)

All outstanding stock options were anti-dilutive as of March 31, 2020 and 2019 due to the net loss incurred during the periods. There were approximately 376,960 and 474,880 outstanding stock options as of March 31, 2020 and 2019, respectively.