Earnings Per Common Share

3 Months Ended

Mar. 31, 2020

Earnings Per Share [Abstract]

Earnings Per Common Share

Earnings Per Common Share  

The following is a computation of basic and diluted (loss) earnings per common share for the three months ended March 31, 2020 and 2019: 

	Three Months Ended
(in thousands, except per share data)	March 31, 2020		March 31, 2019
Net (loss) income	$	(1,851,947)	$	74,033
Weighted average number of common shares outstanding - basic	220,216		220,366
Effect of potentially dilutive common shares (1)	—		289
Weighted average number of common shares outstanding - diluted	220,216		220,655
(LOSS) EARNINGS PER COMMON SHARE:
Basic	$	(8.41)	$	0.34
Diluted	$	(8.41)	$	0.34

(1)Represents the effect of the assumed exercise of stock options, vesting of non-participating restricted shares, and vesting of restricted stock units, based on the treasury stock method.