v3.26.1
Earnings (Loss) Per Common Share (Tables)
 6 Months Ended
Jun. 30, 2026
Earnings Per Share [Abstract]  
Schedule of Basic and Diluted Earnings (Loss) per Common Share
Basic and diluted earnings (loss) per common share was calculated as follows:
For the Three Months Ended
June 30,		For the Six Months Ended
June 30,
(dollars and shares in millions, except per share amounts)2026202520262025
Net income (loss)$169.4 $(61.2)$111.8 $21.7 
Weighted average common shares outstanding - basic64.8 73.0 64.4 72.8 
Denominator adjustments for diluted EPS:
Number of stock options and RSUs0.9 — 1.3 0.2 
Denominator adjustments for diluted EPS:0.9 — 1.3 0.2 
Diluted weighted average common shares outstanding65.7 73.0 65.7 73.0 
Earnings (loss) per common share
Basic$2.61 $(0.84)$1.74 $0.30 
Diluted$2.58 $(0.84)$1.70 $0.30 
Schedule of Securities Excluded From Computation of Diluted Net Loss Per Common Share
The Company reported a net loss for the three months ended June 30, 2025 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
June 30,
2025
Stock options9.6 
RSUs4.2 
13.8