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Earnings Per Share (Tables)
6 Months Ended
Jun. 30, 2020
Earnings Per Share [Abstract]  
Computation of Basic and Diluted Earnings Per Share The following table sets forth the computation of basic and diluted earnings per share:
Three Months Ended June 30,Six Months Ended June 30,
 2020201920202019
(In thousands, except per share amounts)
Net income (loss)($1,564,731) $55,180  ($1,348,166) $35,637  
Preferred stock dividends (1)
—  (1,823) —  (3,647) 
Income (loss) available to common stockholders($1,564,731) $53,357  ($1,348,166) $31,990  
    
Basic weighted average common shares outstanding397,084  228,051  396,884  227,917  
Dilutive impact of restricted stock—  360  —  682  
Diluted weighted average common shares outstanding
397,084  228,411  396,884  228,599  
    
Income (Loss) Available to Common Stockholders Per Common Share
Basic($3.94) $0.23  ($3.40) $0.14  
Diluted($3.94) $0.23  ($3.40) $0.14  
    
Restricted stock (2)
9,066  641  9,169  498  

(1) The Company redeemed all outstanding shares of its 10% Series A Cumulative Preferred Stock (“Preferred Stock”) on July 18, 2019 and all dividends ceased to accrue upon redemption.
(2) Shares excluded from the diluted earnings per share calculation because their effect would be anti-dilutive.