Net earnings

$

32

$

33

Less: Series B Preferred stock cash dividends

(1

)

(1

)

Less: Series C Preferred stock in-kind dividends

(1

)

(1

)

Less: Preferred stock deemed dividends

(1

)

(1

)

Less: Earnings attributable to Series C Preferred shareholders

(4

)

(4

)

Net earnings available to common shareholders - basic

$

25

$

26

Effect of dilutive securities:

Add back: Series B preferred stock cash and deemed dividends

$

2

$

1

Add back: Convertible Notes interest expense

—

1

Net earnings available to common shareholders - diluted

$

27

$

28