XML 19 R40.htm IDEA: XBRL DOCUMENT

Earnings Per Share (Tables)

3 Months Ended

Mar. 31, 2020

Schedule of Earnings Per Share, Basic and Diluted

The following table presents the calculation of our basic and diluted earnings per share (“EPS”). The weighted- average shares outstanding used to compute basic EPS and diluted EPS for the three months ended March 31, 2020 was 85,519,151 and 86,044,525, respectively, and for the three months ended March 31, 2019 was 94,092,147 and 94,597,630, respectively.

	Three Months Ended March 31,
($ and shares outstanding in millions, except per share amounts)	2020		2019
Basic EPS:
Numerator:
Net Income⁽¹⁾	$	8	$	55
Denominator:
Weighted average shares outstanding		86		94
Basic EPS	$	0.09	$	0.59
Diluted EPS:
Numerator:
Net Income⁽¹⁾	$	8	$	55
Denominator:
Weighted average shares outstanding		86		95
Diluted EPS	$	0.09	$	0.58

⁽¹⁾	Net income for the three months ended March 31, 2020 and 2019 was $7,826,746 and $55,067,801, respectively.