Schedule of computations of basic and diluted EPS |
The computations of the numerator (earnings or loss) and denominator (shares) to derive the basic and diluted EPS amounts presented on the face of the accompanying consolidated statements of operations are as follows (in thousands): | | | | | | | | | | | | | | | | | | Year Ended December 31, | | | 2022 | | 2021 | | 2020 | | | Income | | Shares | | Income | | Shares | | Income | | Shares | Basic: | | | | | | | | | | | | | | | | Net income (loss) attributable to common shareholders | | $ | (87,784) | | | | $ | (61,538) | | | | $ | 22,174 | | | Less: Undistributed earnings allocated to participating securities | | | — | | | | | — | | | | | (140) | | | Less: Accretion of redeemable noncontrolling interests | | | — | | | | | (241) | | | | | (2,400) | | | Net income (loss) available to common shareholders, basic | | $ | (87,784) | | 151,276 | | $ | (61,779) | | 150,056 | | $ | 19,634 | | 148,993 | | | | | | | | | | | | | | | | | Diluted: | | | | | | | | | | | | | | | | Net income (loss) available to common shareholders, basic | | $ | (87,784) | | 151,276 | | $ | (61,779) | | 150,056 | | $ | 19,634 | | 148,993 | Effect of dilutive securities: | | | | | | | | | | | | | | | | Share-based awards other than participating securities | | | — | | — | | | — | | — | | | — | | 904 | Undistributed earnings reallocated to participating securities | | | — | | — | | | — | | — | | | 1 | | — | Net income (loss) available to common shareholders, diluted | | $ | (87,784) | | 151,276 | | $ | (61,779) | | 150,056 | | $ | 19,635 | | 149,897 |
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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): | | | | | | | | | | | | Year Ended December 31, | | | 2022 | | 2021 | Diluted shares (as reported) | | 151,276 | | 150,056 | Share-based awards | | 2,158 | | 1,282 | Total | | 153,434 | | 151,338 |
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): | | | | | | | | | Year Ended December 31, | | | 2022 | | 2021 | | 2020 | 2022 Notes | | 600 | | 2,519 | | 6,537 | 2023 Notes | | 3,168 | | 3,168 | | 9,391 | 2026 Notes | | 28,676 | | 28,676 | | 10,891 |
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