Quarterly report pursuant to Section 13 or 15(d)

Earnings per Share

v3.20.1
Earnings per Share
3 Months Ended
Mar. 31, 2020
Earnings Per Share [Abstract]  
Earnings per Share
Earnings per Share
Basic net income per common share is calculated by dividing the income available to common stockholders by the weighted average common shares outstanding during each reporting period.  Diluted net income per common share adjusts the weighted average number of common shares outstanding for the potential dilution that could occur if common stock equivalents (stock options, restricted stock units and convertible debt) were exercised or converted into common stock, calculated using the treasury stock method. We had no participating securities during the three months ended March 31, 2020 and 2019.
Common stock equivalents of 40 and 60 for the three months ended March 31, 2020 and 2019, respectively, were excluded from the calculation of diluted net income per common share as the effect would have been anti-dilutive. We issued 392 shares of our common stock in connection with the Pandora Acquisition.
 
For the Three Months Ended March 31,
 
2020
 
2019
Numerator:
 

 
 

Net Income available to common stockholders for basic net income per common share
$
293

 
$
162

Effect of interest on assumed conversions of convertible notes, net of tax
2

 
1

Net Income available to common stockholders for dilutive net income per common share
$
295

 
$
163

Denominator:
 

 
 

Weighted average common shares outstanding for basic net income per common share
4,405

 
4,571

Weighted average impact of assumed convertible notes
29

 
25

Weighted average impact of dilutive equity instruments
81

 
82

Weighted average shares for diluted net income per common share
4,515

 
4,678

Net income per common share:
 

 
 

Basic
$
0.07

 
$
0.04

Diluted
$
0.07

 
$
0.03