(Loss) Earnings Per Share (Tables)

3 Months Ended

Mar. 31, 2023

Basic and diluted earnings (loss) per share and securities excluded from the calculation of diluted EPS

The following table shows the basic and diluted (loss) earnings per share:















	For the three months ended March 31,
	2023					2022
	Net Loss		Shares (in millions)	Per Share		Net Income		Shares (in millions)	Per Share
Net (loss) income	$	(38.6)				$	17.7
Less: net income allocated to participating securities	—					1.1
Basic EPS:
Net (loss) income allocated to common stockholders	$	(38.6)	92.3	$	(0.42)	$	16.6	91.2	$	0.18
Effect of Dilutive Securities(1):
Share-based compensation	—		—			—		1.1
Convertible senior notes	—		—			0.7		4.8
Diluted EPS:
Net (loss) income allocated to common stockholders with assumed conversion	$	(38.6)	92.3	$	(0.42)	$	17.3	97.1	$	0.18


	Three months ended March 31,
Securities excluded from the calculation of diluted EPS (in millions)(1):		2023	2022
Share-based compensation - TVPSU		0.6	—
Share-based compensation - PSU		0.3	0.7
Convertible preferred shares		5.4	5.9
Convertible notes		4.6	—

(1) In periods when we report a net loss, all share-based compensation awards, convertible preferred shares and convertible senior notes are excluded from the calculation of diluted weighted average shares outstanding because of their anti-dilutive effect on earnings (loss) per share.