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Earnings (Losses) Per Share (Tables)
6 Months Ended
Jun. 30, 2019
Earnings (Losses) Per Share  
Earnings (losses) per share computations

Three Months Ended

Six Months Ended

    

June 30,

June 30,

    

2019

    

2018

    

2019

    

2018

 

(In thousands, except per share amounts)

BASIC EPS:

Net income (loss) (numerator):

Income (loss) from continuing operations, net of tax

$

(192,801)

$

(195,215)

$

(296,177)

$

(338,802)

Less: net (income) loss attributable to noncontrolling interest

 

(10,729)

 

(2,953)

 

(24,905)

 

(3,492)

Less: preferred stock dividends

 

(4,312)

 

(3,680)

 

(8,625)

 

(3,680)

Less: accrued distribution on redeemable noncontrolling interest in subsidiary

(5,119)

(2,124)

(10,182)

(4,522)

Less: distributed and undistributed earnings allocated to unvested shareholders

(115)

4,826

(233)

8,186

Numerator for basic earnings per share:

Adjusted income (loss) from continuing operations, net of tax - basic

$

(213,076)

$

(199,146)

$

(340,122)

$

(342,310)

Income (loss) from discontinued operations, net of tax

$

(34)

$

(584)

$

(191)

$

(659)

Weighted-average number of shares outstanding - basic

 

351,543

 

328,372

 

351,154

 

318,580

Earnings (losses) per share:

Basic from continuing operations

$

(0.61)

$

(0.61)

$

(0.97)

$

(1.08)

Basic from discontinued operations

 

 

 

 

Total Basic

$

(0.61)

$

(0.61)

$

(0.97)

$

(1.08)

DILUTED EPS:

Adjusted income (loss) from continuing operations, net of tax - basic

$

(213,076)

$

(199,146)

$

(340,122)

$

(342,310)

Add: effect of reallocating undistributed earnings of unvested shareholders

Adjusted income (loss) from continuing operations, net of tax - diluted

$

(213,076)

$

(199,146)

$

(340,122)

$

(342,310)

Income (loss) from discontinued operations, net of tax

$

(34)

$

(584)

$

(191)

$

(659)

Weighted-average number of shares outstanding - basic

 

351,543

 

328,372

 

351,154

 

318,580

Add: dilutive effect of potential common shares

Weighted-average number of shares outstanding - diluted

351,543

328,372

351,154

318,580

Earnings (losses) per share:

Diluted from continuing operations

$

(0.61)

$

(0.61)

$

(0.97)

$

(1.08)

Diluted from discontinued operations

 

 

 

 

Total Diluted

$

(0.61)

$

(0.61)

$

(0.97)

$

(1.08)

Potentially dilutive securities excluded as anti-dilutive

Three Months Ended

Six Months Ended

June 30,

June 30,

2019

    

2018

    

2019

    

2018

 

(In thousands)

Potentially dilutive securities excluded as anti-dilutive

1,789

4,575

2,176

4,555