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Net Income Per Share (Tables)
6 Months Ended
Jun. 30, 2022
Earnings Per Share [Abstract]  
Computation of Basic and Diluted 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