EARNINGS PER SHARE

6 Months Ended

Jun. 30, 2021

EARNINGS PER SHARE

EARNINGS PER SHARE

5.    EARNINGS PER SHARE

Basic and diluted earnings per share are computed by dividing net income 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				Six months ended
	June 30,				June 30,
(In thousands)	2021		2020		2021		2020
Net loss available for stockholders :	$	(726)	$	(25,093)	$	(10,388)	$	(185,516)
Less: Adjustments for earnings attributable to participating securities		—		—		—		—
Net loss used in calculating earnings per share	$	(726)	$	(25,093)	$	(10,388)	$	(185,516)
Weighted average shares outstanding (including participating securities)		215,728		215,174		215,633		215,090
Adjustment for participating securities		(2,719)		(2,772)		(2,663)		(2,730)
Shares used in calculating basic and diluted earnings per share		213,009		212,402		212,970		212,360