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Net Income (Loss) Per Share (Tables)
 9 Months Ended
Sep. 30, 2022
Earnings Per Share [Abstract]  
Schedule of Calculation of Basic and Diluted Net Income (Loss) Per Share

The following table sets forth the computation of basic and diluted net income (loss) per share (in millions of dollars, except share and per share amounts):

 

 

 

Quarter Ended September 30,

 

 

Nine Months Ended September 30,

 

 

 

2022

 

 

2021

 

 

2022

 

 

2021

 

Numerator:

 

 

 

 

 

 

 

 

 

 

 

 

Net income (loss)

 

$

2.5

 

 

$

(2.3

)

 

$

(3.2

)

 

$

(20.2

)

Denominator – Weighted-average common shares outstanding (in thousands):

 

 

 

 

 

 

 

 

 

 

 

 

Basic

 

 

15,926

 

 

 

15,852

 

 

 

15,897

 

 

 

15,831

 

Add: dilutive effect of non-vested common shares, restricted stock units and performance shares1

 

 

103

 

 

 

—

 

 

 

—

 

 

 

—

 

Diluted

 

 

16,029

 

 

 

15,852

 

 

 

15,897

 

 

 

15,831

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net income (loss) per common share, Basic:

 

$

0.16

 

 

$

(0.14

)

 

$

(0.20

)

 

$

(1.28

)

Net income (loss) per common share, Diluted:

 

$

0.16

 

 

$

(0.14

)

 

$

(0.20

)

 

$

(1.28

)

 

1
Quantities in the following discussion are denoted in whole shares. For the quarter ended September 30, 2022, approximately 36,000 shares were excluded from the weighted-average diluted shares computation as their inclusion would have been anti‑dilutive. For the quarter ended September 30, 2021 and the nine months ended September 30, 2022 and September 30, 2021, approximately 210,000, 141,000 and 198,000 shares, respectively, were excluded from the computation of net loss per share as their inclusion would have been anti‑dilutive.