EARNINGS (LOSS) PER SHARE (Tables)

9 Months Ended

Sep. 30, 2022

Earnings Per Share [Abstract]

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.