Summary of Significant Accounting Policies (Tables)

6 Months Ended

Jun. 30, 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 June 30,		Six months ended June 30,
	2019	2020	2019	2020
Basic weighted average number of shares outstanding	309,062	268,386	308,879	276,306
Add: Dilutive effect of restricted stock units	33	—	48	—
Add: Dilutive effect of outstanding stock options	—	—	—	—
Add: Dilutive effect of performance stock units	42	—	155	—
Diluted weighted average number of shares outstanding	309,137	268,386	309,082	276,306
Weighted average number of outstanding equity awards excluded from calculation of diluted earnings per common share (1):
Restricted stock units	2,284	6,165	1,877	5,697
Outstanding stock options	538	454	554	454
Performance stock units	2,592	1,595	1,996	1,595

(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.