Earnings Per Share

6 Months Ended

Jun. 30, 2020

Note 16. Earnings Per Share

The details of the earnings per share (“EPS”) calculations for the three and six months ended June 30, 2020 and 2019 are as follows:

	Three Months Ended June 30,					Six Months Ended June 30,
	2020			2019		2020		2019
Basic
Net (loss) Income	$	(9	)	$	66	$	43	$	139
Weighted average common shares outstanding		75,595,991			74,591,478		75,316,827		74,414,450
EPS – Basic	$	(0.12	)	$	0.88	$	0.57	$	1.87

	Three Months Ended June 30,					Six Months Ended June 30,
	2020			2019		2020		2019
Diluted
Net (loss) Income	$	(9	)	$	66	$	43	$	139
Weighted average common shares outstanding – Basic		75,595,991			74,591,478		75,316,827		74,414,450
Dilutive effect of unvested RSUs and other contingently issuable shares		249,520			2,309,066		520,632		1,715,371
Weighted average common shares outstanding – Diluted		75,845,511			76,900,544		75,837,459		76,129,821
EPS – Diluted	$	(0.12	)	$	0.86	$	0.57	$	1.83

Diluted EPS is computed based upon the weighted average number of common shares outstanding for the period plus the dilutive effect of common stock equivalents using the treasury stock method and the average market price of our common stock for the period.

The diluted earnings per share calculations exclude the effect of stock options when the options’ assumed proceeds exceed the average market price of the common shares during the period. For the three and six months ended June 30, 2020, the weighted number of stock options excluded from the computations was 437,333 and 439,649, respectively. These stock options were outstanding for the three and six months ended June 30, 2020, respectively.