Earnings Per Share

12 Months Ended

Dec. 31, 2023

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,
	2023		2022		2021
Numerator:




Net income available to common stockholders	$	2,424	$	2,105	$	1,386
Denominator:
Denominator for basic earnings per share—weighted-average common shares	68,470		70,703		72,432
Effect of dilutive securities:
Employee stock options	4		4		4


Restricted stock units	236		266		381
Denominator for diluted earnings per share—adjusted weighted-average common shares	68,710		70,973		72,817



Basic earnings per share	$	35.40	$	29.77	$	19.14



Diluted earnings per share	$	35.28	$	29.65	$	19.04