Quarterly report pursuant to Section 13 or 15(d)

Equity and Earnings Per Common Share (Tables)

v3.20.2
Equity and Earnings Per Common Share (Tables)
9 Months Ended
Sep. 30, 2020
Equity and Earnings Per Common Share  
Schedule of weighted average shares outstanding

Three Months Ended September 30,

Nine Months Ended September 30,

(in thousands)

    

2019

    

2020

    

2019

    

2020

Basic weighted average number of shares outstanding

506,419

476,578

423,296

478,831

Add: Dilutive effect of RSUs

254

Add: Dilutive effect of Series A preferred stock

1,862

Diluted weighted average number of shares outstanding

506,419

478,694

423,296

478,831

Weighted average number of outstanding equity awards excluded from calculation of diluted earnings per common share(1):

RSUs

1,309

2,995

1,103

2,168

Preferred shares

1,351

1,351

1,862

(1)

The potential dilutive effects of these awards were excluded from the computation of earnings (loss) per common shares—assuming dilution because the inclusion of these awards would have been anti-dilutive.

Schedule of earnings per common share

Three Months Ended September 30,

Nine Months Ended September 30,

(in thousands, except per share amounts)

    

2019

    

2020

    

2019

    

2020

Net income (loss)

$

(289,477)

105,507

(210,555)

(198,985)

Less preferred stock dividends

(138)

(138)

(304)

(413)

Net income (loss) available to common shareholders

$

(289,615)

105,369

(210,859)

(199,398)

Net income (loss) per share–basic

$

(0.57)

0.22

(0.50)

(0.42)

Net income (loss) per share–diluted

$

(0.57)

0.22

(0.50)

(0.42)

Weighted average common shares outstanding–basic

506,419

476,578

423,296

478,831

Weighted average common shares outstanding–diluted

506,419

478,694

423,296

478,831