Earnings Per Share

12 Months Ended

Dec. 31, 2022

Basic earnings per share is computed by dividing net income available to common stockholders by the weighted-average number of common shares outstanding. Diluted earnings per share is computed by dividing net income available to common stockholders by the weighted-average number of common shares plus the effect of dilutive potential common shares outstanding during the period. The following table sets forth the computation of basic and diluted earnings per share (shares in thousands):


	Year Ended December 31,
	2022		2021		2020
Numerator:




Net income available to common stockholders	$	2,105	$	1,386	$	890
Denominator:
Denominator for basic earnings per share—weighted-average common shares	70,703		72,432		72,658
Effect of dilutive securities:
Employee stock options	4		4		12


Restricted stock units	266		381		259
Denominator for diluted earnings per share—adjusted weighted-average common shares	70,973		72,817		72,929



Basic earnings per share	$	29.77	$	19.14	$	12.24



Diluted earnings per share	$	29.65	$	19.04	$	12.20