Note 10 - Earnings Per Share

12 Months Ended

Dec. 31, 2020

Notes to Financial Statements

Earnings Per Share [Text Block]

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

	2020			2019		2018
Net income (loss) available to common stockholders - Numerator basic and diluted	$	(31	)	$	226	$	427
Denominator:
Weighted-average common shares outstanding - Basic		144.5			144.0		145.0
Employee compensation-related shares, including stock options		—			1.1		1.5
Weighted-average common shares outstanding - Diluted		144.5			145.1		146.5

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 1.4 million, 0.1 million and 0.2 million CSEs from the calculations of diluted earnings per share for the years 2020, 2019 and 2018 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 0.7 million for 2020 since there was no net income available to common stockholders for this period.