Earnings per Share

12 Months Ended

Dec. 31, 2022

Basic net income per common share is calculated by dividing the income available to common stockholders by the weighted average common shares outstanding during each reporting period. Diluted net income per common share adjusts the weighted average number of common shares outstanding for the potential dilution that could occur if common stock equivalents (stock options, restricted stock units and convertible debt) were exercised or converted into common stock, calculated using the treasury stock method. We had no participating securities during the years ended December 31, 2022, 2021 and 2020.

Common stock equivalents of $92, $93 and $62 for the years ended December 31, 2022, 2021 and 2020, respectively, were excluded from the calculation of diluted net income per common share as the effect would have been anti-dilutive.


	For the Years Ended December 31,
		2022		2021		2020
Numerator:
Net Income available to common stockholders for basic net income per common share		$	1,213	$	1,314	$	131
Effect of interest on assumed conversions of convertible notes, net of tax		4		8		8
Net Income available to common stockholders for dilutive net income per common share		$	1,217	$	1,322	$	139
Denominator:
Weighted average common shares outstanding for basic net income per common share		3,916		4,062		4,330
Weighted average impact of assumed convertible notes		31		30		30
Weighted average impact of dilutive equity instruments		43		51		69
Weighted average shares for diluted net income per common share		3,990		4,143		4,429
Net income per common share:
Basic		$	0.31	$	0.32	$	0.03
Diluted		$	0.31	$	0.32	$	0.03