Earnings Per Share ("EPS")

6 Months Ended

Jun. 30, 2019

9. Earnings Per Share (“EPS”)

For the three months ended June 30, 2019 and 2018, approximately 3 million and approximately 6 million, respectively, of potentially dilutive shares were excluded from the computation of diluted earnings per share due to their antidilutive effect. For the six months ended June 30, 2019 and 2018, approximately 3 million and approximately 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 June 30,				Six Months Ended June 30,
	2019		2018		2019		2018
Numerator:
Net income attributable to the Company	$	14	$	14	$	32	$	16
Less: net income attributable to participating securities		—		—		—		—
Net income attributable to the Company's stockholders	$	14	$	14	$	32	$	16
Denominator:
Weighted average basic common shares outstanding		108,750,705		108,278,356		108,653,949		108,177,100
Effect of dilutive securities		561,020		198,632		532,723		148,337
Weighted average diluted common shares outstanding		109,311,725		108,476,988		109,186,672		108,325,437
Earnings per share attributable to the Company's stockholders:
Basic	$	0.12	$	0.12	$	0.29	$	0.15
Diluted	$	0.12	$	0.12	$	0.29	$	0.15

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. 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.