CAPITAL STOCK AND EARNINGS PER SHARE

12 Months Ended

Dec. 31, 2019

The Company did not complete any equity offerings during the years ended December 31, 2019, 2018 and 2017.

Viper Equity Offerings

For information regarding Viper’s completed equity offerings during the years ended December 31, 2019, 2018 and 2017, refer to Note 4—Viper Energy Partners LP.

Earnings Per Share

The Company’s basic earnings per share amounts have been computed based on the weighted-average number of shares of common stock outstanding for the period. Diluted earnings per share include the effect of potentially dilutive shares outstanding for the period. Additionally, for the diluted earnings per share computation, the per share earnings of Viper are included in the consolidated earnings per share computation based on the consolidated group’s holdings of the subsidiary.

A reconciliation of the components of basic and diluted earnings per common share is presented in the table below:



	Year Ended December 31,
	2019		2018		2017
	(In millions, except per share amounts, shares in thousands)
Net income attributable to common stock	$	240	$	846	$	482
Weighted average common shares outstanding:
Basic weighted average common units outstanding	163,493		104,622		97,458
Effect of dilutive securities:
Potential common shares issuable	350		307		230
Diluted weighted average common shares outstanding	163,843		104,929		97,688
Basic net income attributable to common stock	$	1.47	$	8.09	$	4.95
Diluted net income attributable to common stock	$	1.47	$	8.06	$	4.94

The Company had the following shares that were excluded from the computation of diluted earnings per share because their inclusion would have been anti-dilutive for the periods presented but could potentially dilute basic earnings per share in future periods:



	Year Ended December 31,
	2019	2018	2017
	(in thousands)
Restricted stock units	284	14	46