Quarterly report pursuant to Section 13 or 15(d)

Earnings (Loss) Per Share (Tables)

Earnings (Loss) Per Share (Tables)

9 Months Ended

Sep. 30, 2020

Computation of earnings (loss) per share

A computation of earnings (loss) per share from continuing operations and weighted average shares of the Company's common stock outstanding for the three and nine months ended September 30, 2020 and 2019 is as follows:


	Three Months Ended September 30,				Nine Months Ended September 30,
(dollars in millions, except per share amounts)	2020		2019		2020		2019
Net income (loss) from continuing operations	$	36.2	$	(6.0)	$	46.9	$	5.2
Net income attributable to the non-controlling interests	—		—		—		(0.6)
Net income (loss) from continuing operations attributable to common stockholders	$	36.2	$	(6.0)	$	46.9	$	4.6






Basic weighted average common shares outstanding	248.9		254.4		249.4		259.9
Denominator adjustments for diluted EPS:
Number of shares issuable upon conversion of Series A Preferred Stock	—		—		0.4		2.0


Number of stock options and RSUs	0.2		—		0.3		0.5
Denominator adjustments for diluted EPS	0.2		—		0.7		2.5
Diluted weighted average common shares outstanding	249.1		254.4		250.1		262.4

Earnings (loss) per share from continuing operations attributable to common stockholders:
Basic	$	0.15	$	(0.02)	$	0.19	$	0.02
Diluted	$	0.15	$	(0.02)	$	0.19	$	0.02

Summary of securities excluded from computation of (loss) earnings per share

For the three and nine months ended September 30, 2020 and 2019, the following securities were not included in the computation of diluted shares outstanding because the effect would be anti-dilutive or because performance targets and/or market conditions were not yet achieved for RSUs contingent upon performance:


	Three Months Ended September 30,		Nine Months Ended September 30,
(shares in millions)	2020	2019	2020	2019
Shares issuable for the contingent consideration	—	4.9	—	4.9
Shares issuable upon conversion of Series A Preferred Stock	—	2.0	—	—
Shares issuable upon vesting of RSUs and exercise of stock options	4.5	5.0	4.7	4.3
Total	4.5	11.9	4.7	9.2