Three Months Ended

March 31,

2021

2020

(In thousands, except per share amounts)

BASIC EPS:

Net income (loss) (numerator):

Income (loss) from continuing operations, net of tax

$

(128,329)

$

(374,269)

Less: net (income) loss attributable to noncontrolling interest

(8,776)

(17,465)

Less: preferred stock dividends

(3,653)

(3,652)

Less: accrued distribution on redeemable noncontrolling interest in subsidiary

(2,402)

(4,432)

Less: distributed and undistributed earnings allocated to unvested shareholders

—

(125)

Numerator for basic earnings per share:

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

$

(143,160)

$

(399,943)

Income (loss) from discontinued operations, net of tax

$

19

$

(93)

Weighted-average number of shares outstanding - basic

7,102

7,051

Earnings (losses) per share:

Basic from continuing operations

$

(20.16)

$

(56.72)

Basic from discontinued operations

—

(0.01)

Total Basic

$

(20.16)

$

(56.73)

DILUTED EPS:

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

$

(143,160)

$

(399,943)

Add: effect of reallocating undistributed earnings of unvested shareholders

—

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

$

(143,160)

$

(399,943)

Income (loss) from discontinued operations, net of tax

$

19

$

(93)

Weighted-average number of shares outstanding - basic

7,102

7,051

Add: dilutive effect of potential common shares

—

Weighted-average number of shares outstanding - diluted

7,102

7,051

Earnings (losses) per share:

Diluted from continuing operations

$

(20.16)

$

(56.72)

Diluted from discontinued operations

—

(0.01)

Total Diluted

$

(20.16)

$

(56.73)