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Earnings Per Share
 12 Months Ended
Dec. 31, 2021
Earnings Per Share [Abstract]  
Earnings Per Share

15. Earnings Per Share

We provide a dual presentation of our net loss per common share in our consolidated statements of operations: basic net loss per common share (“Basic EPS”) and diluted net loss per common share (“Diluted EPS”).

Basic EPS excludes dilution and is determined by dividing the earnings attributable to common stockholders by the weighted average number of common shares outstanding during the period.

Diluted EPS is based on the weighted average number of common shares outstanding plus the dilutive effect of potential common shares, including stock options, non-vested shares of restricted stock, performance units and restricted stock units. The dilutive effect of stock options, performance units and restricted stock units is determined using the treasury stock method.

The following table presents information necessary to calculate net loss per share for the years ended December 31, 2021, 2020 and 2019, as well as potentially dilutive securities excluded from the weighted average number of diluted common shares outstanding because their inclusion would have been anti-dilutive (in thousands, except per share amounts):

 

 

 

2021

 

 

2020

 

 

2019

 

BASIC EPS:

 

 

 

 

 

 

 

 

 

Net loss from continuing operations attributed to common stockholders

 

$

(657,079

)

 

$

(803,692

)

 

$

(425,703

)

Net income from discontinued operations attributed to common stockholders

 

$

2,534

 

 

$

—

 

 

$

—

 

Net loss attributed to common stockholders

 

$

(654,545

)

 

$

(803,692

)

 

$

(425,703

)

Weighted average number of common shares outstanding, excluding
   non-vested shares of restricted stock

 

 

195,021

 

 

 

188,013

 

 

 

203,039

 

Basic loss from continuing operations per common share

 

$

(3.37

)

 

$

(4.27

)

 

$

(2.10

)

Basic income from discontinued operations per common share

 

$

0.01

 

 

$

—

 

 

$

—

 

Basic net loss per common share

 

$

(3.36

)

 

$

(4.27

)

 

$

(2.10

)

 

 

 

 

 

 

 

 

 

 

DILUTED EPS:

 

 

 

 

 

 

 

 

 

Net loss from continuing operations attributed to common stockholders

 

$

(657,079

)

 

$

(803,692

)

 

$

(425,703

)

Net income from discontinued operations attributed to common stockholders

 

$

2,534

 

 

$

—

 

 

$

—

 

Net loss attributed to common stockholders

 

$

(654,545

)

 

$

(803,692

)

 

$

(425,703

)

Weighted average number of common shares outstanding, excluding
   non-vested shares of restricted stock

 

 

195,021

 

 

 

188,013

 

 

 

203,039

 

Diluted loss from continuing operations per common share

 

$

(3.37

)

 

$

(4.27

)

 

$

(2.10

)

Diluted income from discontinued operations per common share

 

$

0.01

 

 

$

—

 

 

$

—

 

Diluted net loss per common share

 

$

(3.36

)

 

$

(4.27

)

 

$

(2.10

)

Potentially dilutive securities excluded as anti-dilutive

 

 

9,551

 

 

 

8,747

 

 

 

9,195