v3.24.2
Net (Loss) Income per Share (Tables)
6 Months Ended
Jun. 30, 2024
Earnings Per Share [Abstract]  
Schedule of Computations of Basic and Diluted Net (Loss) Income per Share The basic and diluted net (loss) income per share computations were calculated as follows:

 

 

 

Three Months Ended June 30,

 

 

Six Months Ended June 30,

 

 

 

2024

 

 

2023

 

 

2024

 

 

2023

 

 

 

(In millions, except per share data)

 

Numerator:

 

 

 

 

 

 

 

 

 

 

 

 

Net (loss) income

 

$

(1.8

)

 

$

3.1

 

 

$

5.3

 

 

$

13.0

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Denominator:

 

 

 

 

 

 

 

 

 

 

 

 

Weighted average shares outstanding - basic

 

 

157.9

 

 

 

155.1

 

 

 

157.4

 

 

 

154.7

 

Effect of dilutive equity instruments

 

 

—

 

 

 

2.5

 

 

 

2.4

 

 

 

3.1

 

Weighted average shares outstanding - diluted

 

 

157.9

 

 

 

157.6

 

 

 

159.8

 

 

 

157.8

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net (loss) income per share - basic

 

$

(0.01

)

 

$

0.02

 

 

$

0.03

 

 

$

0.08

 

Net (loss) income per share - diluted

 

$

(0.01

)

 

$

0.02

 

 

$

0.03

 

 

$

0.08

 

 

 

Schedule of Potentially Dilutive Weighted Average Shares Excluded from Calculation of Net (Loss) Income per Share

The following potentially dilutive weighted average shares were excluded from the calculation of diluted net (loss) income per share because their effect would have been anti-dilutive:

 

 

 

Three Months Ended June 30,

 

 

Six Months Ended June 30,

 

 

 

2024

 

 

2023

 

 

2024

 

 

2023

 

 

 

(In millions)

 

Stock options

 

 

4.1

 

 

 

3.5

 

 

 

3.0

 

 

 

2.5

 

Restricted stock units

 

 

2.8

 

 

 

1.7

 

 

 

1.3

 

 

 

1.1

 

Performance stock units

 

 

1.3

 

 

 

0.9

 

 

 

0.8

 

 

 

0.1