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The following table summarizes our net (loss) income and the number of common shares used in the computation of basic and diluted (loss) income per common share, which includes the weighted average number of common shares outstanding and the effect of dilutive potential common shares, if any.
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For the Year Ended December 31, |
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(Amounts in thousands, except per share amounts) |
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2019 |
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2018 |
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2017 |
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Numerator: |
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Net (loss) income attributable to common stockholders |
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$ |
(36,899 |
) |
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$ |
9,147 |
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$ |
86,381 |
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Earnings allocated to unvested participating securities |
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(71 |
) |
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(79 |
) |
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(98 |
) |
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Numerator for (loss) income per common share - basic
and diluted |
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$ |
(36,970 |
) |
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$ |
9,068 |
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$ |
86,283 |
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Denominator: |
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Denominator for basic (loss) income per common share -
weighted average shares |
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231,538 |
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239,527 |
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236,373 |
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Effect of dilutive employee stock options and
restricted share awards (1) |
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- |
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29 |
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29 |
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Denominator for diluted (loss) income per common
share - weighted average shares |
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231,538 |
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239,556 |
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236,402 |
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(Loss) income per common share - basic and diluted |
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$ |
(0.16 |
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$ |
0.04 |
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$ |
0.37 |
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(1) |
The effect of dilutive securities for the years ended December 31, 2019, 2018, and 2017 excludes 27,191, 27,510 and 30,848 weighted average share equivalents, respectively, as their effect was anti-dilutive. |
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