Quarterly report pursuant to Section 13 or 15(d)

Earnings per Share

v3.22.1
Earnings per Share
 3 Months Ended
Mar. 31, 2022
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 months ended March 31, 2022 and 2021.
Common stock equivalents of $84 and $97 for the three months ended March 31, 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 March 31,
  2022 2021
Numerator:    
Net Income available to common stockholders for basic net income per common share $ 309  $ 219 
Effect of interest on assumed conversions of convertible notes, net of tax 2  2 
Net Income available to common stockholders for dilutive net income per common share $ 311  $ 221 
Denominator:    
Weighted average common shares outstanding for basic net income per common share 3,948  4,137 
Weighted average impact of assumed convertible notes 31  30 
Weighted average impact of dilutive equity instruments 45  55 
Weighted average shares for diluted net income per common share 4,024  4,222 
Net income per common share:    
Basic $ 0.08  $ 0.05 
Diluted $ 0.08  $ 0.05