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Net Income per Share (Tables)
3 Months Ended
Mar. 31, 2017
Earnings Per Share [Abstract]  
Summary of denominators for the computation of basic and diluted net income (loss) per share
The following table sets forth the calculation of basic and diluted net income per share:
 
Three Months Ended March 31,
 
2017
 
2016
 
(In millions, except net income per share)
Numerator:
 
 
 
Net income
$
77

 
$
24

Denominator:
 
 
 
Denominator for basic net income per share
56

 
55

Effect of dilutive securities:
 
 
 
Share-based compensation

 
1

1.125% Warrants (1)

 
1

Denominator for diluted net income per share
56

 
57

 
 
 
 
Net income per share: (2)
 
 
 
Basic
$
1.38

 
$
0.44

Diluted
$
1.37

 
$
0.43

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(1)
For more information regarding the 1.125% Warrants, refer to Note 9, “Stockholders' Equity.”
(2)
Source data for calculations in thousands.