Quarterly report pursuant to Section 13 or 15(d)

Earnings per Share

v3.22.2
Earnings per Share
6 Months Ended
Jun. 30, 2022
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 and six months ended June 30, 2022 and 2021.
Common stock equivalents of 84 and 96 for the three months ended June 30, 2022 and 2021, respectively, and 81 and 93 for the six months ended June 30, 2022 and 2021, respectively, were excluded from the calculation of diluted net income per common share as the effect would have been anti-dilutive.
  For The Three Months Ended June 30, For the Six Months Ended June 30,
  2022 2021 2022 2021
Numerator:    
Net Income available to common stockholders for basic net income per common share $ 292  $ 433  $ 601  $ 652 
Effect of interest on assumed conversions of convertible notes, net of tax
Net Income available to common stockholders for dilutive net income per common share $ 293  $ 435  $ 604  $ 656 
Denominator:      
Weighted average common shares outstanding for basic net income per common share 3,928  4,079  3,938  4,108 
Weighted average impact of assumed convertible notes 31  30  31  30 
Weighted average impact of dilutive equity instruments 46  54  47  55 
Weighted average shares for diluted net income per common share 4,005  4,163  4,016  4,193 
Net income per common share:      
Basic $ 0.07  $ 0.11  $ 0.15  $ 0.16 
Diluted $ 0.07  $ 0.10  $ 0.15  $ 0.16