Net (loss) income per common share

6 Months Ended

Jun. 30, 2022

Net (loss) income per common share

Net (loss) income per common share

14. NET (LOSS) INCOME PER COMMON SHARE

The following table includes the calculation of basic and diluted net (loss) income per common share:

	Three Months Ended June 30,				Six Months Ended June 30,
	2022		2021		2022		2021
Net (loss) income	$	(30)	$	45	$	(37)	$	(39)
Weighted average number of common shares outstanding-basic		74.0		72.2		73.6		68.5
Weighted dilutive effect of equity awards		—		2.5		—		—
Weighted average number of common shares outstanding-diluted		74.0		74.7		73.6		68.5
Net (loss) income per common share
Basic	$	(0.41)	$	0.62	$	(0.50)	$	(0.57)
Diluted	$	(0.41)	$	0.60	$	(0.50)	$	(0.57)

For the three months ended June 30, 2022 and 2021, approximately 3 million and 2 million shares subject to awards, respectively, and for the six months ended June 30, 2022 and 2021, approximately 3 million and 4 million shares subject to awards, respectively, were excluded from the diluted weighted average number of ordinary common shares outstanding calculation because their effect would have been anti-dilutive.