Quarterly report pursuant to Section 13 or 15(d)

Earnings per Share

v3.20.2
Earnings per Share
 9 Months Ended
Sep. 30, 2020
Earnings Per Share [Abstract]  
Earnings per Share Earnings per ShareBasic 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 nine months ended September 30, 2020 and 2019.
Common stock equivalents of 106 and 47 for the three months ended September 30, 2020 and 2019, respectively, and 62 and 76 for the nine months ended September 30, 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 September 30, For the Nine Months Ended September 30,
  2020 2019 2020 2019
Numerator:    
Net Income available to common stockholders for basic net income per common share $ 272  $ 246  $ 808  $ 671 
Effect of interest on assumed conversions of convertible notes, net of tax 2  2  6  5 
Net Income available to common stockholders for dilutive net income per common share $ 274  $ 248  $ 814  $ 676 
Denominator:      
Weighted average common shares outstanding for basic net income per common share 4,326  4,450  4,367  4,529 
Weighted average impact of assumed convertible notes 29  29  29  28 
Weighted average impact of dilutive equity instruments 60  85  69  84 
Weighted average shares for diluted net income per common share
 4,415  4,564  4,465  4,641 
Net income per common share:      
Basic $ 0.06  $ 0.06  $ 0.19  $ 0.15 
Diluted $ 0.06  $ 0.05  $ 0.18  $ 0.15