Note 12 - Earnings Per Share (Tables)

3 Months Ended

Mar. 31, 2022

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 (loss) earnings per share for the three months ended March 31, 2022 and 2021 follows:

	Three Months Ended
	March 31,
(in millions)	2022			2021
Net (loss) income	$	(3	)	$	6
Less: Preferred stock cash dividends		(1	)		(1	)
Less: Preferred stock in-kind dividends		(1	)		(1	)
Less: Preferred stock deemed dividends		(1	)		(2	)
Plus: Expiration of Series A preferred stock    embedded derivative		—			11
Net (loss) income available to common shareholders    - basic and diluted	$	(6	)	$	13

	Three Months Ended
	March 31,
(in millions of shares)	2022		2021
Weighted average shares — basic		78.7		77.8
Effect of dilutive securities
Employee stock options		—		2.3
Unvested restricted stock units		—		0.5
Weighted average shares — diluted		78.7		80.6