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Loss per Share (Tables)
6 Months Ended
Jun. 30, 2020
Earnings Per Share [Abstract]  
Calculation of Weighted Average Common Shares Outstanding Used in Computation of Diluted (Loss) Earnings Per Share
The following table summarizes the calculation of weighted average common shares outstanding used in the computation of diluted (loss) earnings per share:
Net (Loss) Earnings
Weighted Average Shares
(Loss) Earnings Per Share
(In thousands, except per share amounts)
Three Months Ended June 30, 2020
Basic loss per share
$(215,779) 35,611  $(6.06) 
Effect of dilutive securities
Restricted stock awards(1)—  —  
Performance share units(1)—  —  
Warrants(1)—  —  
Stock options(1)—  —  
Diluted loss per share
$(215,779) 35,611  $(6.06) 
Three Months Ended June 30, 2019
Basic loss per share$(13,284) 35,356  $(0.38) 
Effect of dilutive securities
Restricted stock awards(1)—  —  
Performance share units(1)—  —  
Warrants(1)—  —  
Stock options(1)—  —  
Diluted earnings per share$(13,284) 35,356  $(0.38) 
Six Months Ended June 30, 2020
Basic loss per share
$(228,449) 35,581  $(6.42) 
Effect of dilutive securities
Restricted stock awards(1)—  —  
Performance share units(1)—  —  
Warrants(1)—  —  
Stock options(1)—  —  
Diluted loss per share
$(228,449) 35,581  $(6.42) 
Six Months Ended June 30, 2019
Basic loss per share$(18,561) 35,339  $(0.53) 
Effect of dilutive securities
Restricted stock awards(1)—  —  
Performance share units(1)—  —  
Warrants(1)—  —  
Diluted loss per share$(18,561) 35,339  $(0.53) 
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(1) No incremental shares of potentially dilutive restricted stock awards, performance share units, warrants or stock options were included for the three and six-month periods ended June 30, 2020 and 2019, as their effect was antidilutive under the treasury stock method.