Earnings Per Share (Tables)

9 Months Ended

Sep. 30, 2021

Earnings Per Share [Abstract]

Schedule of computations of basic and diluted EPS

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			Three Months Ended
	September 30, 2021			September 30, 2020
	Income		Shares	Income		Shares
Basic:
Net income (loss) attributable to common shareholders	$	(19,043)		$	24,499
Less: Undistributed earnings allocated to participating securities		—			(180)
Accretion of redeemable noncontrolling interests		—			(128)
Net income (loss) available to common shareholders, basic	$	(19,043)	150,088	$	24,191	149,032
Diluted:
Net income (loss) available to common shareholders, basic	$	(19,043)	150,088	$	24,191	149,032
Effect of dilutive securities:
Share-based awards other than participating securities		—	—		—	919
Undistributed earnings reallocated to participating securities		—	—		2	—
Net income (loss) available to common shareholders, diluted	$	(19,043)	150,088	$	24,193	149,951

	Nine Months Ended			Nine Months Ended
	September 30, 2021			September 30, 2020
	Income			Income		Shares
Basic:
Net income (loss) attributable to common shareholders	$	(35,630)		$	18,011
Less: Undistributed earnings allocated to participating securities		—			(117)
Less: Accretion of redeemable noncontrolling interests		(241)			(2,283)
Net income (loss) available to common shareholders, basic	$	(35,871)	150,018	$	15,611	148,956
Diluted:
Net income (loss) available to common shareholders, basic	$	(35,871)	150,018	$	15,611	148,956
Effect of dilutive securities:
Share-based awards other than participating securities		—	—		—	868
Undistributed earnings reallocated to participating securities		—	—		1	—
Net income (loss) available to common shareholders, diluted	$	(35,871)	150,018	$	15,612	149,824

Schedule of shares excluded from diluted EPS calculation

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	Nine Months Ended
	September 30,	September 30,
	2021	2021
Diluted shares (as reported)	150,088	150,018
Share-based awards	1,384	1,306
Total	151,472	151,324

The following potentially dilutive shares related to the 2022 Notes, the 2023 Notes and the 2026 Notes were excluded from the diluted EPS calculation as they were anti-dilutive (in thousands):

	Three Months Ended		Nine Months Ended
	September 30,		September 30,
	2021	2020	2021	2020
2022 Notes	2,519	5,688	2,519	7,886
2023 Notes	3,168	8,076	3,168	11,481
2026 Notes	28,676	14,650	28,676	4,919