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Earnings Per Share (“EPS”) (Tables)
9 Months Ended
Sep. 30, 2018
Earnings Per Share [Abstract]  
Computation of Basic and Diluted Earnings (Loss) Per Share

Basic and diluted earnings (loss) per share follows (in millions, except share data)

 

 

Three Months Ended September 30,

 

 

Nine Months Ended September 30,

 

 

2018

 

 

2017

 

 

2018

 

 

2017

 

Numerator:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net income (loss) attributable to the Company

$

20

 

 

$

(9

)

 

$

36

 

 

$

(49

)

Less: net income attributable to participating securities

 

 

 

 

 

 

 

(1

)

 

 

 

Net income (loss) attributable to the Company's stockholders

$

20

 

 

$

(9

)

 

$

35

 

 

$

(49

)

Denominator:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Weighted average basic common shares outstanding

 

108,402,136

 

 

 

107,752,427

 

 

 

108,252,926

 

 

 

107,695,277

 

Effect of dilutive securities

 

643,371

 

 

 

 

 

 

313,348

 

 

 

 

Weighted average diluted common shares outstanding

 

109,045,507

 

 

 

107,752,427

 

 

 

108,566,274

 

 

 

107,695,277

 

Earnings (loss) per share attributable to the Company's stockholders:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Basic

$

0.18

 

 

$

(0.08

)

 

$

0.33

 

 

$

(0.45

)

Diluted

$

0.18

 

 

$

(0.08

)

 

$

0.33

 

 

$

(0.45

)