XML 69 R59.htm IDEA: XBRL DOCUMENT v3.20.2
Note 13 - Earnings Per Share - Reconciliation of Earnings (Loss) and the Weighted Average Number of Shares (Details) - USD ($)
$ / shares in Units, shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Sep. 30, 2020
Sep. 30, 2019
Net (loss)/income available to the Company's common shareholders $ (44,748) $ 59,048 $ 780,537 $ 247,176
Earnings attributable to participating securities (251) (654) (5,259) (1,939)
Net (loss)/income available to the Company’s common shareholders for basic earnings per share (44,999) 58,394 775,278 245,237
Distributions on convertible units 0 0 119 20
Net (loss)/income available to the Company’s common shareholders for diluted earnings per share $ (44,999) $ 58,394 $ 775,397 $ 245,257
Weighted average common shares outstanding – basic (in shares) 429,994 419,823 429,899 419,663
Equity awards (in shares) [1] 0 1,120 1,496 1,273
Assumed conversion of convertible units (in shares) [1] 0 59 207 50
Weighted average common shares outstanding – diluted (in shares) [1] 429,994 421,002 431,602 420,986
Basic earnings per share (in dollars per share) $ (0.10) $ 0.14 $ 1.80 $ 0.58
Diluted earnings per share (in dollars per share) $ (0.10) $ 0.14 $ 1.80 $ 0.58
[1] The effect of the assumed conversion of certain convertible units had an anti-dilutive effect upon the calculation of Net income available to the Company’s common shareholders per share. Accordingly, the impact of such conversions has not been included in the determination of diluted earnings per share calculations. Additionally, there were 1.2 million and 0.5 million stock options that were not dilutive as of September 30, 2020 and 2019, respectively, and 2.5 million shares of restricted stock that were not dilutive for the three months ended September 30, 2020.