Net Income Per Share

6 Months Ended

Jun. 30, 2022

12) Net Income Per Share

The following table sets forth the computation of basic and diluted net income per share:


	Three Months Ended June 30,				Six Months Ended June 30,
	2022		2021		2022		2021
Numerator:
Net income	$	130	$	146	$	273	$	269
Denominator:
Shares used in net income per common share – basic		55.7		55.4		55.6		55.3
Effect of dilutive securities		0.1		0.3		0.2		0.3
Shares used in net income per common share – diluted		55.8		55.7		55.8		55.6
Net income per common share:
Basic	$	2.33	$	2.64	$	4.90	$	4.86
Diluted	$	2.32	$	2.63	$	4.89	$	4.83

Basic earnings per share ("EPS") is computed by dividing income available to common stockholders by the weighted-average number of common shares outstanding during the period. The computation of diluted EPS is similar to the computation of basic EPS except that the denominator is increased to include the number of additional common shares that would have been outstanding (using the treasury stock method) if securities containing potentially dilutive common shares (restricted stock units ("RSUs")) had been converted to such common shares, and if such assumed conversion is dilutive.

For the three and six months ended June 30, 2022 and 2021, the Company had an immaterial quantity of RSUs that had no impact on the computation of diluted weighted-average shares.