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Net Income per Share (Tables) | 3 Months Ended
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Mar. 31, 2020
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 net income per share:
|  | Three Months Ended March 31,
|  | 2020 |  | 2019
| (In millions, except net income per share)
Numerator: |  |  |  |
Net income |  | $ | 178 |  |  | $ | 198 |
Denominator: |  |  |  |
Shares outstanding at the beginning of the period |  | 61.9 |  |  | 62.1 |
Weighted-average number of shares issued: |  |  |  |
Stock purchases |  | (1.7 | ) |  | — |
Stock-based compensation |  | — |  |  | — |
Denominator for basic net income per share |  | 60.2 |  |  | 62.1 |
Effect of dilutive securities: (1) |  |  |  |
Warrants |  | 0.1 |  |  | 3.5 |
Stock-based compensation |  | 0.7 |  |  | 0.6 |
Denominator for diluted net income per share |  | 61.0 |  |  | 66.2 |
Net income per share - Basic (2) |  | $ | 2.95 |  |  | $ | 3.19 |
Net income per share - Diluted (2) |  | $ | 2.92 |  |  | $ | 2.99 |
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(1) | The dilutive effect of all potentially dilutive common shares is calculated using the treasury stock method. Approximately 0.1 million anti-dilutive shares were not included in the computation of diluted net income per share for the three months ended March 31, 2019. All warrants outstanding as of December 31, 2019, were settled in the first quarter of 2020. For more information refer to Note 8, “Stockholders' Equity.”
(2) Source data for calculations in thousands.

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- Definition Tabular disclosure of an entity's basic and diluted earnings per share calculations, including a reconciliation of numerators and denominators of the basic and diluted per-share computations for income from continuing operations. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6371337&loc=d3e3550-109257 + Details
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