Net Earnings (Loss) Per Share
 3 Months Ended
Mar. 31, 2015
Net Loss Per Share  
Net Loss Earnings Per Share

NOTE 14.Net Earnings (Loss) Per Share

 

The following table sets forth the number of weighted average shares used to compute basic and diluted earnings per share:

 

 

 

 

 

 

 

 

 

 

 

Three months ended 

 

 

March 31,

(in millions, except per share data)

    

2015

    

2014

Net (loss) income

 

$
(4.9)

 

$
0.4 

Preferred stock dividends

 

 
(1.0)

 

 
(1.0)

Net loss less preferred stock dividends

 

$
(5.9)

 

$
(0.6)

Basic weighted average number of common shares outstanding

 

 
72.4 

 

 
75.0 

Assuming exercise of stock options and restricted shares

 

 

 —

 

 

 —

Diluted weighted average number of common shares outstanding

 

 
72.4 

 

 
75.0 

Loss per share:

 

 

 

 

 

 

Basic

 

$
(0.08)

 

$
(0.01)

Diluted

 

$
(0.08)

 

$
(0.01)

 

The potential common shares from the conversion of Series A Preferred Stock that were excluded from the computation of diluted earnings per share, due to their anti-dilutive impact on weighted common share equivalents, were  3.1 million for each of the three month periods ended March 31, 2015 and 2014.  The number of options and non-vested restricted stock awards that were excluded from the computation of diluted earnings per share because they were assumed to be repurchased under the treasury stock method were 2.8 million and 2.9 million for the three month periods ended March 31, 2015 and 2014, respectively.