EARNINGS PER SHARE

9 Months Ended

Sep. 30, 2020

EARNINGS PER SHARE

EARNINGS PER SHARE

5.    EARNINGS PER SHARE

Basic and diluted earnings per share are computed by dividing net loss by the weighted average number of shares outstanding during the respective periods. In addition, the Company has periodically issued share-based payment awards that contain non-forfeitable rights to dividends and are therefore considered participating securities. The following table shows the restricted shares of common stock (participating securities) outstanding and a reconciliation of outstanding weighted average shares:

	Three months ended				Nine months ended
	September 30				September 30
(In thousands)	2020		2019		2020		2019
Net loss available for stockholders:	$	(16,437)	$	(69,181)	$	(201,953)	$	(63,749)
Less: Adjustments for earnings attributable to participating securities		—		—		—		(334)
Net loss used in calculating earnings per share	$	(16,437)	$	(69,181)	$	(201,953)	$	(64,083)
Weighted average shares outstanding (including participating securities)		215,083		214,521		215,088		214,823
Adjustment for participating securities		(2,539)		(2,496)		(2,697)		(2,538)
Shares used in calculating basic and diluted earnings per share		212,544		212,025		212,391		212,285