EARNINGS (LOSS) PER SHARE (Tables)

12 Months Ended

Dec. 31, 2023

The following table sets forth the computation of basic and diluted earnings per share under the two-class method:


	Year Ended
	December 31,
(in millions, except per share data)	2023			2022			2021

Numerator:
Net income (loss)	$	(17.7	)	$	50.2		$	56.0
Less Series A Preferred Stock dividends		(5.0	)		(5.0	)		(5.0	)
Less Series B Preferred Stock dividends		(4.3	)		(0.7	)		—
Net income (loss) attributable to common stockholders		(27.0	)		44.5			51.0
Allocation of earnings to non-vested participating RSUs		—			(0.1	)		(0.4	)
Numerator for basic EPS - income (loss) available to common stockholders - two class method	$	(27.0	)	$	44.4		$	50.6

Effect of dilutive securities:
Add back Series A Preferred Stock dividends	$	—		$	—		$	—
Add back allocation earnings to participating securities		—			0.1			0.4
Reallocation of earnings to participating securities considering potentially dilutive securities		—			(0.1	)		(0.4	)
Numerator for diluted EPS - income (loss) available to common stockholders - two class method	$	(27.0	)	$	44.4		$	50.6

Denominator:
Denominator for basic EPS - weighted-average shares		45,822,936			60,459,451			63,744,456

Effect of dilutive securities:
Non-participating outstanding share-based payment awards		—			2,824,051			1,664,802
Series A Preferred Stock		—			—			—
Denominator for diluted EPS - weighted-average shares		45,822,936			63,283,502			65,409,258

Basic earnings (loss) per share	$	(0.59	)	$	0.73		$	0.79
Diluted earnings (loss) per share	$	(0.59	)	$	0.70		$	0.77

Daseke, Inc. 10-K