Quarterly report pursuant to Section 13 or 15(d)

Equity and Earnings Per Common Share (Tables)

v3.21.1
Equity and Earnings Per Common Share (Tables)
3 Months Ended
Mar. 31, 2021
Equity and Earnings Per Common Share  
Schedule of weighted average shares outstanding

Three Months Ended March 31,

(in thousands)

    

2020

    

2021

Basic weighted average number of shares outstanding

483,103

476,850

Add: Dilutive effect of RSUs

1,037

Add: Dilutive effect of PSUs

278

Add: Dilutive effect of Series A Preferred Stock

1,107

Diluted weighted average number of shares outstanding

483,103

479,272

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

RSUs

2,005

397

Series A Preferred Shares

4,762

(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 March 31,

(in thousands, except per share amounts)

    

2020

    

2021

Net income (loss)

$

(392,933)

83,441

Less preferred stock dividends

(138)

(138)

Net income (loss) available to common shareholders

$

(393,071)

83,303

Net income (loss) per share–basic

$

(0.81)

0.17

Net income (loss) per share–diluted

$

(0.81)

0.17

Weighted average common shares outstanding–basic

483,103

476,850

Weighted average common shares outstanding–diluted

483,103

479,272