Note 8 - Earnings Per Share

6 Months Ended

Jun. 30, 2021

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,
	2021		2020			2021		2020
Net income (loss) available to common stockholders - Numerator basic and diluted	$	53	$	(174	)	$	124	$	(116	)
Denominator:
Weighted-average common shares outstanding - Basic		145.2		144.5			145.1		144.4
Employee compensation-related shares, including stock options		1.5		—			1.4		—
Weighted-average common shares outstanding - Diluted		146.7		144.5			146.5		144.4

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 0.8 million and 1.6 million CSEs from the calculation of diluted earnings per share for the second quarters of 2021 and 2020 and excluded 0.9 million and 1.2 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 0.4 million for the second quarter and year-to-date periods of 2020 since there was no net income available to common stockholders for those periods.