Earnings Per Share (Tables)

3 Months Ended

Mar. 31, 2020

Schedule of computations of basic and diluted EPS

The presentation of basic EPS on the face of the accompanying condensed consolidated statements of operations is computed by dividing net income or loss by the weighted average shares of our common stock outstanding. The calculation of diluted EPS is similar to that for basic EPS, except that the denominator includes dilutive common stock equivalents and the numerator excludes the effects of dilutive common stock equivalents, if any. The computations of the numerator (income) and denominator (shares) to derive the basic and diluted EPS amounts presented on the face of the accompanying condensed consolidated statements of operations are as follows (in thousands):



	Three Months Ended March 31, 2020				Three Months Ended March 31, 2019
	Income			Shares	Income			Shares
Basic:
Net income (loss) attributable to common shareholders	$	(11,938	)		$	1,318
Less: Undistributed earnings allocated to participating securities	—				(12		)
Accretion of redeemable noncontrolling interests	(2,086		)		—
Net income (loss) available to common shareholders, basic	$	(14,024	)	148,863	$	1,306		147,421


Diluted:
Net income (loss) available to common shareholders, basic	$	(14,024	)	148,863	$	1,306		147,421
Effect of dilutive securities:
Share-based awards other than participating securities	—			—	—			330
Net income (loss) available to common shareholders, diluted	$	(14,024	)	148,863	$	1,306		147,751

Schedule of shares excluded from diluted EPS calculation

We had a net loss for the three-month period ended March 31, 2020. Accordingly, our diluted EPS calculation for this period excluded any assumed exercise or conversion of common stock equivalents. These common stock equivalents were excluded because they were deemed to be anti-dilutive, meaning their inclusion would have reduced the reported net loss per share in the applicable periods. Shares that otherwise would have been included in the diluted per share calculations assuming we had earnings are as follows (in thousands):



	Three Months Ended
	March 31, 2020

Diluted shares (as reported)	148,863
Share-based awards	722
Total	149,585

In addition, the following potentially dilutive shares related to the 2022 Notes and the 2023 Notes were excluded from the diluted EPS calculation as they were anti-dilutive (in thousands):



	Three Months Ended March 31,
	2020	2019

2022 Notes	8,997	8,997
2023 Notes	13,202	13,202