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

Three Months Ended

Nine Months Ended

    

September 30,

September 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

$

(99,788)

$

(93,710)

$

(395,965)

$

(432,512)

Less: net (income) loss attributable to noncontrolling interest

 

(19,297)

 

(6,934)

 

(44,202)

 

(10,426)

Less: preferred stock dividends

 

(4,310)

 

(4,313)

 

(12,935)

 

(7,993)

Less: accrued distribution on redeemable noncontrolling interest in subsidiary

(5,176)

(2,146)

(15,358)

(6,668)

Less: distributed and undistributed earnings allocated to unvested shareholders

(114)

(432)

(347)

(1,375)

Numerator for basic earnings per share:

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

$

(128,685)

$

(107,535)

$

(468,807)

$

(458,974)

Income (loss) from discontinued operations, net of tax

$

157

$

(13,933)

$

(34)

$

(14,592)

Weighted-average number of shares outstanding - basic

 

352,026

 

350,194

 

351,444

 

329,118

Earnings (losses) per share:

Basic from continuing operations

$

(0.37)

$

(0.31)

$

(1.33)

$

(1.39)

Basic from discontinued operations

 

 

(0.04)

 

 

(0.05)

Total Basic

$

(0.37)

$

(0.35)

$

(1.33)

$

(1.44)

DILUTED EPS:

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

$

(128,685)

$

(107,535)

$

(468,807)

$

(458,974)

Add: effect of reallocating undistributed earnings of unvested shareholders

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

$

(128,685)

$

(107,535)

$

(468,807)

$

(458,974)

Income (loss) from discontinued operations, net of tax

$

157

$

(13,933)

$

(34)

$

(14,592)

Weighted-average number of shares outstanding - basic

 

352,026

 

350,194

 

351,444

 

329,118

Add: dilutive effect of potential common shares

Weighted-average number of shares outstanding - diluted

352,026

350,194

351,444

329,118

Earnings (losses) per share:

Diluted from continuing operations

$

(0.37)

$

(0.31)

$

(1.33)

$

(1.39)

Diluted from discontinued operations

 

 

(0.04)

 

 

(0.05)

Total Diluted

$

(0.37)

$

(0.35)

$

(1.33)

$

(1.44)

Potentially dilutive securities excluded as anti-dilutive

Three Months Ended

Nine Months Ended

September 30,

September 30,

2019

    

2018

    

2019

    

2018

 

(In thousands)

Potentially dilutive securities excluded as anti-dilutive

1,807

4,354

2,053

4,488