Note 10 - Earnings Per Share

12 Months Ended

Dec. 31, 2022

Notes to Financial Statements

Earnings Per Share [Text Block]

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

	2022			2021		2020
Net income (loss) available to common stockholders - Numerator basic and diluted	$	(242	)	$	197	$	(31	)
Denominator:
Weighted-average common shares outstanding - Basic		143.6			144.8		144.5
Employee compensation-related shares, including stock options		—			1.4		—
Weighted-average common shares outstanding - Diluted		143.6			146.2		144.5

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 0.1 million, 0.6 million and 1.4 million CSEs from the calculations of diluted earnings per share for the years 2022, 2021 and 2020 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 and 0.7 million for 2022 and 2020 because the net loss position made these anti-dilutive.