Annual report pursuant to Section 13 and 15(d)

Earnings per Share

v3.20.4
Earnings per Share
 12 Months Ended
Dec. 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 years ended December 31, 2020, 2019 and 2018.
Common stock equivalents of 62, 66, and 40 for the years ended December 31, 2020, 2019 and 2018, 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 Years Ended December 31,
  2020 2019 2018
Numerator:
Net Income available to common stockholders for basic net income per common share $ 131  $ 914  $ 1,176 
Effect of interest on assumed conversions of convertible notes, net of tax 8  7  — 
Net Income available to common stockholders for dilutive net income per common share $ 139  $ 921  $ 1,176 
Denominator:  
Weighted average common shares outstanding for basic net income per common share 4,330  4,501  4,462 
Weighted average impact of assumed convertible notes 30  28  — 
Weighted average impact of dilutive equity instruments 69  87  99 
Weighted average shares for diluted net income per common share
 4,429  4,616  4,561 
Net income per common share:  
Basic $ 0.03  $ 0.20  $ 0.26 
Diluted $ 0.03  $ 0.20  $ 0.26