v3.26.1
Earnings Per Share ("EPS") (Tables)
6 Months Ended
Jun. 30, 2026
Earnings Per Share [Abstract]  
Reconciliation of Weighted Average Number of Shares of Common Stock Outstanding

Below is a reconciliation of the weighted average number of shares of common stock outstanding used in calculating Basic and Diluted EPS for the periods presented:

 

 

Three months ended June 30,

 

 

Six months ended June 30,

 

 

 

2026

 

 

2025

 

 

2026

 

 

2025

 

 

 

(shares in thousands and $ in millions, except per share amounts)

 

Numerator:

 

 

 

 

 

 

 

 

 

 

 

 

Net income (loss) from continuing operations used to compute Basic EPS

 

$

22.8

 

 

$

36.5

 

 

$

(7.8

)

 

$

33.7

 

Net income (loss) from discontinued operations, net of tax, used to compute Basic EPS

 

 

(0.4

)

 

 

(0.5

)

 

 

(2.2

)

 

 

(8.7

)

Net income (loss) used to compute Basic EPS

 

$

22.4

 

 

$

36.0

 

 

$

(10.0

)

 

$

25.0

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net income (loss) from continuing operations used to compute Basic EPS

 

$

22.8

 

 

$

36.5

 

 

$

(7.8

)

 

$

33.7

 

Interest expense on 2026 Senior Notes, net of tax

 

 

 

 

 

0.3

 

 

 

 

 

 

0.7

 

Net income (loss) from continued operations used to compute Diluted EPS

 

 

22.8

 

 

 

36.8

 

 

 

(7.8

)

 

 

34.4

 

Net income (loss) from discontinued operations, net of tax, used to compute Diluted EPS

 

 

(0.4

)

 

 

(0.5

)

 

 

(2.2

)

 

 

(8.7

)

Net income (loss) used to compute Diluted EPS

 

$

22.4

 

 

$

36.3

 

 

$

(10.0

)

 

$

25.7

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Denominator:

 

 

 

 

 

 

 

 

 

 

 

 

Weighted average shares used to compute Basic EPS

 

 

116,697

 

 

 

124,948

 

 

 

116,061

 

 

 

132,959

 

Weighted average effect of dilutive securities:

 

 

 

 

 

 

 

 

 

 

 

 

Stock-based awards (Note 10)

 

 

1,187

 

 

 

620

 

 

 

 

 

 

1,030

 

2026 Senior Notes (Note 7)

 

 

 

 

 

4,674

 

 

 

 

 

 

4,674

 

Weighted average shares used to compute Diluted EPS

 

 

117,884

 

 

 

130,242

 

 

 

116,061

 

 

 

138,663

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Basic EPS from continuing operations

 

$

0.20

 

 

$

0.29

 

 

$

(0.07

)

 

$

0.25

 

Basic EPS from discontinued operations

 

 

 

 

 

 

 

 

(0.02

)

 

 

(0.07

)

Basic EPS

 

$

0.19

 

 

$

0.29

 

 

$

(0.09

)

 

$

0.19

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Diluted EPS from continuing operations

 

$

0.19

 

$

0.28

 

$

(0.07

)

 

$

0.25

 

Diluted EPS from discontinued operations

 

 

 

 

 

 

 

 

(0.02

)

 

 

(0.06

)

Diluted EPS

 

$

0.19

 

 

$

0.28

 

 

$

(0.09

)

 

$

0.19