Earnings Per Share ("EPS")

9 Months Ended

Sep. 30, 2019

9. Earnings Per Share (“EPS”)

For the three months ended September 30, 2019 and 2018, approximately 5 million and approximately 3 million, respectively, of potentially dilutive shares were excluded from the computation of diluted earnings per share due to their antidilutive effect. For the nine months ended September 30, 2019 and 2018, approximately 4 million and approximately 5 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 September 30,				Nine Months Ended September 30,
	2019		2018		2019		2018
Numerator:
Net income attributable to the Company	$	10	$	20	$	42	$	36
Less: net income attributable to participating securities		—		—		—		(1	)
Net income attributable to the Company's stockholders	$	10	$	20	$	42	$	35
Denominator:
Weighted average basic common shares outstanding		108,796,947		108,402,136		108,702,139		108,252,926
Effect of dilutive securities		337,384		643,371		467,610		313,348
Weighted average diluted common shares outstanding		109,134,331		109,045,507		109,169,749		108,566,274
Earnings per share attributable to the Company's stockholders:
Basic	$	0.09	$	0.18	$	0.38	$	0.33
Diluted	$	0.09	$	0.18	$	0.38	$	0.33

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.