Note 8 - Earnings Per Share

6 Months Ended

Jun. 30, 2020

Notes to Financial Statements

Earnings Per Share [Text Block]

Reconciliation of the numerators and denominators of the earnings per share calculations — 

	Three Months Ended						Six Months Ended
	June 30,						June 30,
	2020			2019			2020			2019
Net income (loss) available to common stockholders - Numerator basic and diluted	$	(174	)	$	(68	)	$	(116	)	$	30
Denominator:
Weighted-average common shares outstanding - Basic		144.5			144.0			144.4			143.9
Employee compensation-related shares, including stock options		—			—			—			0.9
Weighted-average common shares outstanding - Diluted		144.5			144.0			144.4			144.8

The share count for diluted earnings per share is computed on the basis of the weighted-average number of common shares outstanding plus the effects of dilutive common stock equivalents (CSEs) outstanding during the period. We excluded 1.6 million and 0.3 million CSEs from the calculation of diluted earnings per share for the second quarters of 2020 and 2019 and excluded 1.2 million and 0.4 million of CSEs for the respective year-to-date periods as the effect of including them would have been anti-dilutive. In addition, we excluded CSEs that satisfied the definition of potentially dilutive shares of 0.1 million and 0.8 million for the second quarters of 2020 and 2019 and excluded 0.4 million for the year-to-date 2020 period since there was no net income available to common stockholders for these periods.