Three Months Ended

March 31,

Net income from continuing operations

$

8

$

20

Less: Dividends on Series A Preferred Stock

—

6

Net income from continuing operations attributable to common stockholders used in earnings per share

8

14

Loss from discontinued operations, net of tax

(30

)

(1

)

Net (loss) income attributable to common stockholders

$

(22

)

$

13

Denominator

Average basic shares outstanding

85.7

84.7

Effect of dilutive securities

—

1.4

Average diluted shares outstanding

85.7

86.1

Basic earnings (loss) per common share:

Income from continued operations

$

0.09

$

0.16

Loss from discontinued operations

(0.35

)

(0.01

)

Basic (loss) earnings per common share

$

(0.26

)

$

0.15

Diluted earnings (loss) per common share: