Net (Loss) Income Per Share

12 Months Ended

Dec. 31, 2023

(21)

Net (Loss) Income Per Share

The following is a reconciliation of basic to diluted net (loss) income per share:


	Years Ended December 31,
Numerator:	2023			2022		2021
Net (loss) income	$	(1,841	)	$	333	$	551
Denominator:
Shares used in net (loss) income per common share – basic		66.8			59.7		55.4
Effect of dilutive securities		—			0.2		0.3
Shares used in net (loss) income per common share – diluted		66.8			59.9		55.7
Net (loss) income per common share:
Basic	$	(27.54	)	$	5.57	$	9.95
Diluted	$	(27.54	)	$	5.56	$	9.90

Basic earnings per share (“EPS”) is computed by dividing income available to holders of the Company’s common stock 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 had been converted to such common shares, and if such conversion is dilutive. In periods in which a net loss is recognized, the impact of RSUs is not included as they are antidilutive.

In 2022 and 2021, the Company had an immaterial quantity of RSUs that were antidilutive and were excluded from the computation of diluted weighted-average shares.