Earnings Per Share

3 Months Ended

Mar. 31, 2020

Organization, Consolidation and Presentation of Financial Statements [Abstract]

EARNINGS PER SHARE:

Basic earnings per share is computed by dividing net income attributable to CNX shareholders by the weighted average shares outstanding during the reporting period. Diluted earnings per share is computed similarly to basic earnings per share, except that the weighted average shares outstanding are increased to include, if dilutive, additional shares from stock options, performance stock options, restricted stock units and performance share units. The number of additional shares is calculated by assuming that outstanding stock options and performance share options were exercised, that outstanding restricted stock units and performance share units were released, and that the proceeds from such activities were used to acquire shares of common stock at the average market price during the reporting period. CNX Midstream Partners LP's ("CNXM") dilutive units did not have a material impact on the Company's earnings per share calculations for the three months ended March 31, 2020 or March 31, 2019.

The table below sets forth the share-based awards that have been excluded from the computation of diluted earnings per share because their effect would be antidilutive:


	For the Three Months Ended March 31,
	2020	2019
Anti-Dilutive Options	4,274,552	4,756,292
Anti-Dilutive Restricted Stock Units	2,007,960	1,708,610
Anti-Dilutive Performance Share Units	457,746	540,400
Anti-Dilutive Performance Stock Options	927,268	927,268
	7,667,526	7,932,570

The table below sets forth the share-based awards that have been exercised or released:


	For the Three Months Ended March 31,
	2020	2019
Options	—	13,748
Restricted Stock Units	340,883	457,969
Performance Share Units	274,716	342,882
	615,599	814,599

The computations for basic and diluted loss per share are as follows:


	For the Three Months Ended March 31,
	2020		2019
Net Loss	$	(305,222)	$	(64,651)
Less: Net Income Attributable to Non-Controlling Interest	23,864		22,686


Net Loss Attributable to CNX Resources Shareholders	$	(329,086)	$	(87,337)

Weighted-Average Shares of Common Stock Outstanding	186,918,361		197,475,702
Effect of Diluted Shares*	—		—
Weighted-Average Diluted Shares of Common Stock Outstanding	186,918,361		197,475,702

Loss per Share:


Basic	$	(1.76)	$	(0.44)



Diluted	$	(1.76)	$	(0.44)

*During periods in which the Company incurs a net loss, diluted weighted average shares outstanding are equal to basic weighted average shares outstanding because the effect of all equity awards is antidilutive.