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Earnings (Losses) Per Share (Tables)
12 Months Ended
Dec. 31, 2022
Earnings (Losses) Per Share  
Earnings (losses) per share computations

Year Ended December 31,

 

2022

    

2021

    

2020

 

(In thousands, except per share amounts)

 

BASIC EPS:

Net income (loss) (numerator):

Income (loss) from continuing operations, net of tax

$

(307,218)

$

(543,710)

$

(762,853)

Less: net (income) loss attributable to noncontrolling interest

 

(43,043)

 

(25,582)

 

(42,795)

Less: preferred stock dividends

 

 

(3,653)

 

(14,611)

Less: accrued distribution on redeemable noncontrolling interest in subsidiary

(10,324)

(9,445)

(17,442)

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

$

(360,585)

$

(582,390)

$

(837,826)

Income (loss) from discontinued operations, net of tax

$

$

20

$

7

Weighted-average number of shares outstanding - basic

 

8,898

 

7,605

 

7,059

Earnings (losses) per share:

Basic from continuing operations

$

(40.52)

$

(76.58)

$

(118.69)

Basic from discontinued operations

 

 

 

Total Basic

$

(40.52)

$

(76.58)

$

(118.69)

DILUTED EPS:

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

$

(360,585)

$

(582,390)

$

(837,826)

Income (loss) from discontinued operations, net of tax

$

$

20

$

7

Weighted-average number of shares outstanding - diluted

8,898

7,605

7,059

Earnings (losses) per share:

Diluted from continuing operations

$

(40.52)

$

(76.58)

$

(118.69)

Diluted from discontinued operations

 

 

 

Total Diluted

$

(40.52)

$

(76.58)

$

(118.69)

Potentially dilutive securities excluded as anti-dilutive For periods in which we experience a net loss from continuing operations, all potential common shares have been excluded from the calculation of weighted-average shares outstanding, because their inclusion would be anti-dilutive. The average number of shares from options, shares issuable upon conversion of preferred shares and shares related to outstanding Warrants that were excluded from diluted earnings (losses) per share that would potentially dilute earnings per share in the future were as follows (in thousands):

Year Ended December 31,

2022

    

2021

    

2020

(In thousands)

Potentially dilutive securities excluded as anti-dilutive

3,369

4,436

808