Note 7 - Earnings Per Share

9 Months Ended

Sep. 30, 2023

Notes to Financial Statements

Earnings Per Share [Text Block]

Note 7. Earnings per Share

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

	Three Months Ended					Nine Months Ended
	September 30,					September 30,
	2023		2022			2023		2022
Net income available to common stockholders - Numerator basic and diluted	$	19	$	(88	)	$	77	$	(63	)
Denominator:
Weighted-average common shares outstanding - Basic		144.3		143.4			144.2		143.6
Employee compensation-related shares, including stock options		0.4		—			0.3		—
Weighted-average common shares outstanding - Diluted		144.7		143.4			144.5		143.6

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 and 0.4 million CSEs from the calculation of diluted earnings per share for the third quarters of 2023 and 2022 and excluded 0.1 million and 0.2 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 of 0.5 million and 0.7 million for the third quarter and year-to-date periods of 2022 because the net loss position made these anti-dilutive.