Net Income (Loss) Per Common Share

6 Months Ended

Jun. 30, 2021

Earnings Per Share [Abstract]

Net Income (Loss) Per Common Share

Note 2 — Net Income (Loss) Per Common Share

	Quarter Ended June 30,					Six Months Ended June 30,
(In millions, except per share data)	2021		2020			2021			2020
Basic net income (loss) per common share:
Net income (loss)	$	2.2	$	(1.0	)	$	(11.8	)	$	41.4
Weighted average common shares outstanding		84.1		83.7			84.0			83.7
Basic net income (loss) per common share	$	0.03	$	(0.01	)	$	(0.14	)	$	0.49
Diluted net income (loss) per common share:
Net income (loss)		2.2		(1.0	)		(11.8	)		41.4
Weighted average common shares outstanding — Basic		84.1		83.7			84.0			83.7
Plus incremental shares from assumed conversions:
Restricted stock units		0.3		—			—			0.2
Stock options		0.3		—			—			0.2
Weighted average common shares outstanding — Dilutive		84.7		83.7			84.0			84.1
Diluted net income (loss) per common share	$	0.03	$	(0.01	)	$	(0.14	)	$	0.49

Total common stock equivalents of 0.7 million and 1.6 million were excluded from the computation of diluted net income (loss) per share for the quarter ended June 30, 2021 and 2020, respectively, because to do so would have been anti-dilutive. Total common stock equivalents of 1.1 million and 0.8 million were excluded from the computation of diluted net income (loss) per share for the six months ended June 30, 2021 and 2020, respectively, because to do so would have been anti-dilutive.