| 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 |
|
|
|
|
|