Note 15 - Earnings Per Share (Tables)

6 Months Ended

Jun. 30, 2021

Earnings Per Share [Abstract]

Summary of Reconciliation of Basic and Diluted Earnings Per Share

A reconciliation of the amounts used to calculate basic and diluted earnings per share for the three and six months ended June 30, 2021 and 2020 follows:

	Three Months Ended						Six Months Ended
	June 30,						June 30,
(in millions)	2021			2020			2021			2020
Net income (loss)	$	16		$	(5	)	$	22		$	(116	)
Less: Series B preferred stock cash and deemed dividends		(1	)		—			(2	)		—
Less: Series C preferred stock in-kind and deemed dividends		(2	)		—			(2	)		—
Less: Series A preferred stock cash and deemed dividends		—			(5	)		(3	)		(10	)
Plus: Expiration of Series A preferred stock embedded derivative		—			—			11			—
Net income (loss) available to common shareholders    - basic	$	13		$	(10	)	$	26		$	(126	)
Effect of dilutive securities:
Add back: Series B preferred stock cash and deemed    dividends	$	1		$	—		$	2			—
Add back: Series C preferred stock cash and deemed    dividends		2			—			2			—
Net income (loss) available to common shareholders - diluted	$	16		$	(10	)	$	30		$	(126	)

	Three Months Ended				Six Months Ended
	June 30,				June 30,
(in millions of shares)	2021		2020		2021		2020
Weighted average shares — basic		78.5		43.7		78.2		43.7
Effect of dilutive securities
Series B preferred stock		9.5		—		6.5		—
Series C preferred stock		10.0		—		6.4		—
Employee stock options		2.0		—		2.2		—
Unvested restricted stock units		0.6		—		0.6		—
Weighted average shares — diluted		100.6		43.7		93.9		43.7