Annual report pursuant to Section 13 and 15(d)

Earnings per Share

v3.24.0.1
Earnings per Share
 12 Months Ended
Dec. 31, 2023
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, 2023, 2022 and 2021.
Common stock equivalents of 152, 92 and 93 for the years ended December 31, 2023, 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 Years Ended December 31,
  2023 2022 2021
Numerator:
Net Income available to common stockholders for basic net income per common share $ 1,258  $ 1,213  $ 1,314 
Effect of interest on assumed conversions of convertible notes, net of tax 1  4  8 
Net Income available to common stockholders for dilutive net income per common share $ 1,259  $ 1,217  $ 1,322 
Denominator:  
Weighted average common shares outstanding for basic net income per common share 3,858  3,916  4,062 
Weighted average impact of assumed convertible notes 12  31  30 
Weighted average impact of dilutive equity instruments 18  43  51 
Weighted average shares for diluted net income per common share 3,888  3,990  4,143 
Net income per common share:  
Basic $ 0.33  $ 0.31  $ 0.32 
Diluted $ 0.32  $ 0.31  $ 0.32