Quarterly report pursuant to Section 13 or 15(d)

Reconciliation of Basic and Diluted Earnings Per Share

v3.21.2
Reconciliation of Basic and Diluted Earnings Per Share
6 Months Ended
Jun. 30, 2021
Earnings Per Share [Abstract]  
Reconciliation of Basic and Diluted Earnings Per Share
Three Months Ended
June 30,
Six Months Ended
June 30,
2021 2020 2021 2020
Net income (loss) $ (19.5) $ (6.3) $ 7.7  $ (19.5)
Weighted average shares outstanding:
Weighted average common shares outstanding 21,685,862  21,574,595  21,677,449  21,551,024 
Weighted average common shares, vested not yet issued 255,592  346,845  252,060  331,987 
Weighted average common shares outstanding - Basic 21,941,454  21,921,440  21,929,509  21,883,011 
Dilutive impact of stock-based compensation plans   —  158,570  — 
Weighted average common shares outstanding - Diluted 21,941,454  21,921,440  22,088,079  21,883,011 
Income (loss) per share of common stock:
Basic income (loss) per share of common stock $ (0.89) $ (0.29) $ 0.35  $ (0.89)
Diluted income (loss) per share of common stock (0.89) (0.29) 0.35  (0.89)

In periods when there is a net loss, diluted loss per share is calculated using weighted average common shares outstanding, as inclusion of potentially dilutive common shares would be anti-dilutive.

Performance-based employee compensation awards are considered potentially dilutive in periods in which the performance conditions are met.

The following stock-based compensation awards were excluded from the computation of diluted income (loss) per share of common stock:
Three Months Ended
June 30,
Six Months Ended
June 30,
2021 2020 2021 2020
Potentially dilutive common shares excluded from diluted computation, as inclusion would be anti-dilutive or because performance conditions were not met 1,724,334  1,191,452  1,585,888  1,216,544