XML 49 R39.htm IDEA: XBRL DOCUMENT v3.20.2
EARNINGS PER SHARE (Tables)
 6 Months Ended
Jun. 30, 2020
Earnings Per Share [Abstract]  
Summary of EPS calculations
Information related to the Company’s EPS calculations is summarized as follows: 
 
 
Three Months Ended June 30,
 
Six Months Ended June 30,
(In thousands, except per share amounts)
 
2020
 
2019
  
2020
 
2019
Basic EPS:
 
 
 
 
 
 
 
 
Numerator:
 
 
 
 
 
 
 
 
Net (loss) income
 
$
(34,103
)
 
$
13,328

 
$
(159,185
)
 
$
45,253

Net loss (income) attributable to noncontrolling interests
 
19

 
149

 
(33
)
 
45

Net (loss) income attributable to common stockholders
 
$
(34,084
)
 
$
13,477

 
$
(159,218
)
 
$
45,298

 
 
 
 
 
 
 
 
 
Denominator:
 
 

 
 

 
 

 
 

Weighted-average basic common shares outstanding
 
55,530

 
43,113

 
49,455

 
43,109

 
 
 
 
 
 
 
 
 
Diluted EPS:
 
 

 
 

 
 

 
 

Numerator:
 
 

 
 

 
 

 
 

Net (loss) income attributable to common stockholders
 
$
(34,084
)
 
$
13,477

 
$
(159,218
)
 
$
45,298

 
 
 
 
 
 
 
 
 
Denominator:
 
 

 
 

 
 

 
 

Weighted-average basic common shares outstanding
 
55,530

 
43,113

 
49,455

 
43,109

Restricted stock and stock options
 
—

 
158

 
—

 
154

Weighted-average diluted common shares outstanding (a)
 
55,530

 
43,271

 
49,455

 
43,263

 
 
 
 
 
 
 
 
 
Basic (loss) income per share:
 
$
(0.61
)
 
$
0.31

 
$
(3.22
)
 
$
1.05

 
 
 
 
 
 
 
 
 
Diluted (loss) income per share:
 
$
(0.61
)
 
$
0.31

 
$
(3.22
)
 
$
1.05


 
(a)
The diluted EPS computation for the three and six months ended June 30, 2020, excludes 513,750 and 386,522 shares of stock awards because their effect is anti-dilutive and 262,369 shares of restricted stock, because performance conditions provided for in the restricted stock awards have not been satisfied. The diluted EPS computation for the three and six months ended June 30, 2019, excludes 569,408 shares of stock options because their inclusion would have been anti-dilutive and 278,379 shares of restricted stock, because performance conditions provided for in the restricted stock awards have not been satisfied.