Earnings Per Share (“EPS”)

3 Months Ended

Mar. 31, 2019

9. Earnings Per Share (“EPS”)

For the three months ended March 31, 2019 and 2018, approximately 3 million and 6 million, respectively, of potentially dilutive shares were excluded from the computation of diluted earnings per share due to their antidilutive effect.

Basic and diluted earnings per share follows (in millions, except share data):

	Three Months Ended March 31,
	2019		2018
Numerator:
Net income attributable to the Company	$	18	$	2
Less: net income attributable to participating securities		—		—
Net income attributable to the Company's stockholders	$	18	$	2
Denominator:
Weighted average basic common shares outstanding		108,556,369		108,074,718
Effect of dilutive securities		504,426		98,041
Weighted average diluted common shares outstanding		109,060,795		108,172,759
Earnings per share attributable to the Company's stockholders:
Basic	$	0.17	$	0.02
Diluted	$	0.16	$	0.02

Under ASC Topic 260, “Earnings Per Share”, the two-class method requires a portion of net income attributable to the Company to be allocated to participating securities, which are unvested awards of share-based payments with non-forfeitable rights to receive dividends or dividend equivalents, if declared. For the periods that the Company recognized net income, net income attributable to these participating securities was excluded from net income attributable to the Company’s stockholders in the numerator of the earnings per share computation.