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Earnings (Loss) Per Share (Tables)
12 Months Ended
Dec. 31, 2023
Earnings Per Share [Abstract]  
Schedule of Earnings Per Share, Basic and Diluted

The following table sets forth the reconciliation of the numerator and the denominator of basic and diluted earnings (loss) per share for the years ended December 31, 2023, 2022 and 2021:

 

 

Year Ended December 31,

 

 

 

2023

 

 

2022

 

 

2021

 

Numerator:

 

 

 

 

 

 

 

 

 

Net income (loss), basic

 

$

69.4

 

 

$

65.1

 

 

$

171.0

 

Add convertible notes interest

 

 

1.0

 

 

 

1.9

 

 

 

4.1

 

Net income (loss), diluted

 

$

70.4

 

 

$

67.0

 

 

$

175.1

 

 

 

 

 

 

 

 

 

 

 

Denominator:

 

 

 

 

 

 

 

 

 

Weighted average shares outstanding, basic

 

 

43.8

 

 

 

45.8

 

 

 

45.9

 

Dilutive effect of equity-based awards

 

 

2.1

 

 

 

2.1

 

 

 

1.7

 

Dilutive effect of convertible notes

 

 

1.9

 

 

 

3.6

 

 

 

7.4

 

Weighted average shares outstanding, diluted

 

 

47.8

 

 

 

51.5

 

 

 

55.0

 

 

 

 

 

 

 

 

 

 

 

Basic earnings (loss) per share

 

$

1.58

 

 

$

1.42

 

 

$

3.73

 

Diluted earnings (loss) per share

 

$

1.47

 

 

$

1.30

 

 

$

3.18