Loss Per Common Share

3 Months Ended

Mar. 31, 2026

Basic and diluted loss per common share was calculated as follows:


	For the Three Months Ended March 31,
(dollars and shares in millions, except per share amounts)	2026		2025
Net loss	$	(57.6)	$	82.9

Weighted average common shares outstanding - basic	64.0		72.5
Denominator adjustments for diluted EPS:
Number of stock options and RSUs	—		0.2
Denominator adjustments for diluted EPS:	—		0.2
Diluted weighted average common shares outstanding	64.0		72.7

Loss per common share
Basic	$	(0.90)	$	1.14
Diluted	$	(0.90)	$	1.14

Treasury shares are not considered outstanding and are excluded from the calculation of basic and diluted loss per common share.

The Company reported net losses for the three months ended March 31, 2026 and therefore excluded all stock options and RSUs from the calculation of diluted net loss per common share as their inclusion would have had an anti-dilutive effect, as summarized below:


			For the Three Months Ended March 31,
			2026
Stock options			9.4

RSUs			4.4
			13.8