The table below presents the computation of basic and diluted earnings per share for the three and six months ended June 30, 2026 and 2025 (in millions, except per share amounts). | | | | | | | | | | | | | | | Three Months Ended June 30, | | Six Months Ended June 30, | | | 2026 | | 2025 | | 2026 | | 2025 | Numerator: | | | | | | | | | | | | | Net (loss) income | | $ | (24.2) | | $ | 84.3 | | $ | (6.7) | | $ | 128.6 | | | | | | | | | | | | | | Denominator: | | | | | | | | | | | | | Weighted average shares for computation of basic earnings per share: | | | 54.0 | | | 54.0 | | | 54.1 | | | 53.9 | Dilutive effect of stock-based awards (1) | | | — | | | 0.8 | | | — | | | 0.9 | Weighted average shares for computation of diluted earnings per share | | | 54.0 | | | 54.8 | | | 54.1 | | | 54.8 | | | | | | | | | | | | | | Earnings per share: | | | | | | | | | | | | | Basic | | $ | (0.45) | | $ | 1.56 | | $ | (0.12) | | $ | 2.38 | Diluted | | $ | (0.45) | | $ | 1.54 | | $ | (0.12) | | $ | 2.35 |
| (1) | The dilutive effect of stock-based awards of 0.6 million and 0.7 million for the three and six months ended June 30, 2026, respectively, were excluded from the weighted average diluted shares outstanding for the three and six months ended June 30, 2026, as their inclusion would be anti-dilutive. |
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