| Schedule of Earnings Per Share, Basic and Diluted |
The details of the earnings per share calculations for the three and nine months ended September 30, 2022 and 2021 are as follows: | | | | | | | | | | | | | | | | | | | | | | | | (In millions, except share and per share amounts) | Three months ended September 30, 2022 | | Three months ended September 30, 2021 | | Nine months ended September 30, 2022 | | Nine months ended September 30, 2021 | | Basic earnings (loss) per share computation: | | | | | | | | | Net income (loss) | $ | 21.2 | | | $ | 56.2 | | | $ | 50.0 | | | $ | 97.6 | | | Weighted-average number of shares outstanding - basic | 377,016,981 | | | 352,482,900 | | | 376,531,805 | | | 351,439,095 | | | Basic earnings per share | 0.06 | | | 0.16 | | | $ | 0.13 | | | $ | 0.28 | | | Diluted earnings (loss) per share computation: | | | | | | | | | Net income (loss) | 21.2 | | | $ | 56.2 | | | $ | 50.0 | | | $ | 97.6 | | Gain on fair value of warrant liabilities(1) | — | | | — | | | (124.0) | | | — | | | Net income (loss) adjusted for the gain on fair value of warrant liabilities | $ | 21.2 | | | $ | 56.2 | | | $ | (74.0) | | | $ | 97.6 | | | Weighted-average number of shares outstanding - basic | 377,016,981 | | | 352,482,900 | | | 376,531,805 | | | 351,439,095 | | | Dilutive effect of private warrants | — | | | 5,976,022 | | | 1,507,004 | | | — | | | Dilutive effect of equity-based compensation | 427,021 | | | 4,739,779 | | | — | | | 4,535,533 | | | Weighted-average number of shares outstanding - diluted | 377,444,002 | | | 363,198,701 | | | 378,038,809 | | | 355,974,628 | | | Diluted earnings (loss) per share | 0.06 | | | 0.15 | | | $ | (0.20) | | | $ | 0.27 | |
(1)For the three months ended September 30, 2022, the warrants were out of the money and therefore the net income is not adjusted for the gain on fair value of warrant liabilities to calculate diluted earnings (loss) per share.
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