Note 8 - Earnings Per Share

6 Months Ended

Jun. 30, 2024

Notes to Financial Statements

Earnings Per Share [Text Block]

Note 8. Earnings per Share

Reconciliation of the numerators and denominators of the earnings per share calculations — 

	Three Months Ended				Six Months Ended
	June 30,				June 30,
	2024		2023		2024		2023
Net income available to common stockholders - Numerator basic and diluted	$	16	$	30	$	19	$	58
Denominator:
Weighted-average common shares outstanding - Basic		145.0		144.3		144.9		144.1
Employee compensation-related shares		0.1		0.1		—		0.2
Weighted-average common shares outstanding - Diluted		145.1		144.4		144.9		144.3

The share count for diluted earnings per share is computed on the basis of the weighted-average number of common shares outstanding plus the effects of dilutive common stock equivalents (CSEs) outstanding during the period. We excluded 0.2 million and 2.0 million CSEs from the calculation of diluted earnings per share for the second quarters of 2024 and 2023 and excluded 2.1 million and 0.3 million of CSEs for the respective year-to-date periods as the effect of including them would have been anti-dilutive.