Annual report pursuant to Section 13 and 15(d)

Earnings Per Share of Common Stock

v3.20.1
Earnings Per Share of Common Stock
 12 Months Ended
Dec. 31, 2019
Earnings Per Share [Abstract]  
Earnings Per Share Of Common Stock EARNINGS PER SHARE OF COMMON STOCK
The table below shows a reconciliation of the numerator and denominator for basic and diluted earnings per share calculations for the periods indicated.
 
 
Year Ended December 31,
 
 
2019
 
2018
 
2017
Numerator
 
 
 
 
 
 
(Loss) from continuing operations
 
$
(68.9
)
 
$
(19.1
)
 
$
(17.1
)
Earnings (loss) from discontinued operations, net of tax
 
10.4

 
(143.9
)
 
(24.7
)
Net (loss)
 
$
(58.5
)
 
$
(163.0
)
 
$
(41.8
)
 
 
 
 
 
 
 
Denominator
 
 
 
 
 
 
Weighted average number of common shares outstanding
 
23,597,877

 
25,780,214

 
26,977,475

Weighted average number of vested shares not yet issued
 
518,460

 
188,195

 
136,504

Weighted average number of common shares outstanding - Basic
 
24,116,337

 
25,968,409

 
27,113,979

Dilutive stock-based compensation awards outstanding
 
—

 
—

 
—

Weighted average number of common shares outstanding - Diluted
 
24,116,337

 
25,968,409

 
27,113,979


The diluted loss per share was calculated using basic common shares outstanding, as inclusion of potentially dilutive common shares would be anti-dilutive for those calculations.

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 (loss) earnings per share:
 
Year Ended December 31,
 
2019
 
2018
 
2017
Potentially dilutive common shares excluded from diluted computation as inclusion would be anti-dilutive
611,399

 
474,910
 
743,678

Performance awards excluded from diluted computation, as performance conditions not met
343,505

 
862,256
 
849,483