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Net Income (Loss) Per Common Share (Tables)
6 Months Ended
Jun. 30, 2020
Earnings Per Share [Abstract]  
Summary of Earnings Per Share Basic and Diluted

 

 

Quarter Ended June 30,

 

 

Six Months Ended June 30,

 

(In millions, except per share data)

 

2020

 

 

2019

 

 

2020

 

 

2019

 

Basic net income (loss) per common share:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net income (loss)

 

$

(1.0

)

 

$

80.9

 

 

$

41.4

 

 

$

153.1

 

Weighted average common shares outstanding

 

 

83.7

 

 

 

85.2

 

 

 

83.7

 

 

 

85.1

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Basic net income (loss) per common share

 

$

(0.01

)

 

$

0.95

 

 

$

0.49

 

 

$

1.80

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Diluted net income (loss) per common share:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net income (loss)

 

 

(1.0

)

 

 

80.9

 

 

 

41.4

 

 

 

153.1

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Weighted average common shares outstanding — Basic

 

 

83.7

 

 

 

85.2

 

 

 

83.7

 

 

 

85.1

 

Plus incremental shares from assumed conversions:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Restricted stock units

 

 

 

 

 

0.4

 

 

 

0.2

 

 

 

0.4

 

Stock options

 

 

 

 

 

0.6

 

 

 

0.2

 

 

 

0.6

 

Weighted average common shares outstanding — Dilutive (1)

 

 

83.7

 

 

 

86.2

 

 

 

84.1

 

 

 

86.1

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Diluted net (loss) income per common share (1)

 

$

(0.01

)

 

$

0.94

 

 

$

0.49

 

 

$

1.78

 

 

 

(1)

For the quarter ended June 30, 2020, the dilutive impact of outstanding options and restricted stock units was excluded from the dilutive share count as a result of the Company’s net loss for the period.