Capital Stock and Earnings Per Share (OMH Only) (Tables)

9 Months Ended

Sep. 30, 2020

Schedule of changes in shares issued and outstanding

Changes in OMH shares of common stock issued and outstanding were as follows:


	Three Months Ended September 30,		Nine Months Ended September 30,
	2020	2019	2020	2019

Balance at beginning of period	134,319,171	136,089,417	136,101,156	135,832,278
Common shares issued	3,842	6,257	253,555	263,396
Common shares retired	—	—	(2,031,698)	—
Balance at end of period	134,323,013	136,095,674	134,323,013	136,095,674

Computation of earnings per share

The computation of earnings per share was as follows:


	Three Months Ended September 30,				Nine Months Ended September 30,
(dollars in millions, except per share data)	2020		2019		2020		2019

Numerator (basic and diluted):
Net income	$	250	$	248	$	371	$	594
Denominator:
Weighted average number of shares outstanding (basic)	134,321,929		136,095,481		134,847,170		136,060,832
Effect of dilutive securities *	185,620		280,570		152,317		211,559
Weighted average number of shares outstanding (diluted)	134,507,549		136,376,051		134,999,487		136,272,391
Earnings per share:
Basic	$	1.86	$	1.82	$	2.75	$	4.36
Diluted	$	1.86	$	1.82	$	2.75	$	4.36

* We have excluded weighted-average unvested restricted stock units totaling 256,034 and 184,997 for the three months ended September 30, 2020 and 2019, respectively, and 303,913 and 297,194 for the nine months ended September 30, 2020 and 2019, respectively, from the fully-diluted earnings per share calculations as these shares would be anti-dilutive, which could impact the earnings per share calculation in the future.