Earnings (Loss) per Share (Tables)

3 Months Ended

Mar. 31, 2020

Earnings Per Share [Abstract]

Schedule of Reconciliation of the Weighted-Average Common Shares Outstanding

The following table reconciles the weighted average common shares outstanding used in the calculation of basic earnings per share to the weighted average common shares outstanding used in the calculation of diluted earnings per share for the three months ended March 31, 2019:

(in millions)	For the three months ended March 31, 2019
Determination of shares:
Weighted average common shares outstanding	116.3
Assumed conversion of dilutive stock options	2.0
Assumed conversion of dilutive RSAs	0.3
Diluted weighted average common shares outstanding	118.6

Schedule of Calculation of Basic and Diluted EPS

The following table presents the calculation of basic and diluted earnings (loss) per share for the Company’s common stock for the three months ended March 31, 2020 and 2019:

	For the three months ended March 31,
(in millions, except per share data)	2020			2019
Calculation of basic earnings (loss) per share:
Net income (loss) applicable to common stock	$	(608.6	)	$	41.0
Weighted average common shares outstanding	115.7			116.3
Basic earnings (loss) per share	$	(5.26	)	$	0.35
Calculation of diluted earnings (loss) per share:
Net income (loss) applicable to common stock	$	(608.6	)	$	41.0
Diluted weighted average common shares outstanding	115.7			118.6
Diluted earnings (loss) per share	$	(5.26	)	$	0.35