Quarterly report pursuant to Section 13 or 15(d)

Earnings (Loss) Per Share of Common Stock

v3.20.1
Earnings (Loss) Per Share of Common Stock
3 Months Ended
Mar. 31, 2020
Earnings Per Share [Abstract]  
Earnings (Loss) Per Share of Common Stock EARNINGS (LOSS) PER SHARE OF COMMON STOCK
Earnings per share components may not add due to rounding.
The table below shows a reconciliation of the numerator and denominator for basic and diluted earnings (loss) per share calculations for the periods indicated.
 
Three Months Ended
March 31,
 
2020
 
2019
Numerator
 
 
 
Net (loss) from continuing operations
$
(13.2
)
 
$
(16.6
)
  Net (loss) from discontinued operations

 
(0.1
)
Net (loss)
$
(13.2
)
 
$
(16.7
)
 
 
 
 
Denominator
 
 
 
Weighted average number of common shares outstanding
21,527,453

 
25,851,432

Weighted average number of vested shares not yet issued
317,129

 
804,356

Weighted average number of common shares outstanding - Basic
21,844,582

 
26,655,788

Dilutive impact of stock-based compensation plans

 

Weighted average number of common shares outstanding - Diluted
21,844,582

 
26,655,788



For the three months ended March 31, 2020 and March 31, 2019 the diluted loss per share was calculated using basic common shares outstanding, as inclusion of potentially dilutive common shares would be anti-dilutive.

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

The following awards were excluded from the computation of diluted earnings (loss) per share:

 
Three Months Ended
March 31,
 
2020
 
2019
Potentially dilutive common shares excluded from diluted computation, as inclusion would be anti-dilutive
1,061,132

 
440,075

Performance awards excluded from diluted computation, as performance conditions not met
180,504

 
509,065