Summary of Significant Accounting Policies (Tables)

3 Months Ended

Mar. 31, 2020

Summary of Significant Accounting Policies

Reconciliation of basic weighted average shares outstanding to diluted weighted average shares outstanding

The following is a reconciliation of the Company’s basic weighted average shares outstanding to diluted weighted average shares outstanding during the periods presented (in thousands):

	Three months ended March 31,
	2019	2020
Basic weighted average number of shares outstanding	308,694	284,227
Add: Dilutive effect of restricted stock units	80	—
Add: Dilutive effect of outstanding stock options	—	—
Add: Dilutive effect of performance stock units	14	—
Diluted weighted average number of shares outstanding	308,788	284,227
Weighted average number of outstanding equity awards excluded from calculation of diluted earnings per common share (1):
Restricted stock units	1,445	5,952
Outstanding stock options	570	459
Performance stock units	1,721	1,621

(1) The potential dilutive effects of these awards were excluded from the computation of earnings (loss) per common share—assuming dilution because the inclusion of these awards would have been anti-dilutive.