Quarterly report pursuant to Section 13 or 15(d)

Earnings (Loss) Per Share of Common Stock

v3.19.2
Earnings (Loss) Per Share of Common Stock
6 Months Ended
Jun. 30, 2019
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
June 30,
 
Six Months Ended
June 30,
 
2019
 
2018
 
2019
 
2018
Numerator
 
 
 
 
 
 
 
Net earnings (loss) from continuing operations
$
5.3

 
$
2.9

 
$
(11.3
)
 
$
(7.5
)
  Net earnings from discontinued operations
9.4

 
7.6

 
9.3

 
7.6

Net earnings (loss)
$
14.7

 
$
10.5

 
$
(2.0
)
 
$
0.1

 
 
 
 
 
 
 
 
Denominator
 
 
 
 
 
 
 
Weighted average number of common shares outstanding
25,602,519

 
25,759,232

 
25,726,288

 
25,748,571

Weighted average number of vested shares not yet issued
455,263

 
180,060

 
628,845

 
171,487

Weighted average number of common shares outstanding - Basic
26,057,782

 
25,939,292

 
26,355,133

 
25,920,058

Dilutive impact of stock-based compensation plans
81,701

 
55,928

 

 
99,419

Weighted average number of common shares outstanding - Diluted
26,139,483

 
25,995,220

 
26,355,133

 
26,019,477



For the three months ended June 30, 2019 and three and six months ended June 30, 2018, the diluted earnings per share was calculated using net income available to common stockholders divided by the diluted weighted average number of common shares outstanding during the period, determined using the treasury stock method. For the six months ended June 30, 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
June 30,
 
Six Months Ended
June 30,
 
2019
 
2018
 
2019
 
2018
Potentially dilutive common shares excluded from diluted computation, as inclusion would be anti-dilutive
411,360

 
506,255

 
425,718

 
716,587
Performance awards excluded from diluted computation, as performance conditions not met
344,440

 
1,119,301

 
426,753

 
1,031,082