EARNINGS PER SHARE

3 Months Ended

Mar. 31, 2020

The following table represents the Company's basic and dilutive weighted-average shares:


	Three months ended March 31,
	2020	2019
	(in thousands)
Basic weighted average shares	83,897	83,510

Effect of dilutive stock-based compensation awards	—	—
Diluted weighted average shares	83,897	83,510

For the three months ended March 31, 2020 and 2019, all 6.8 million and 4.0 million, respectively, outstanding stock-based awards were excluded from the computation of diluted earnings per shares ("EPS") because the Company was in a net loss position and as a result, inclusion of the awards would have been anti-dilutive.

The Company has applied the if-converted method to calculate dilution on the Convertible Preferred Stock and the Notes in the current quarter, which has resulted in all 59.9 million and 2.4 million shares underlying the Convertible Preferred Stock and the Notes, respectively, being anti-dilutive.

The computations for basic and diluted loss per common share are as follows:


	Three months ended March 31,
	2020		2019
	(in thousands, except per share data)
Loss per common share - Basic
Net loss	$	(200,086)	$	(15,262)
Cumulative undeclared convertible preferred stock dividend	5,195		3,716
Net loss attributable to common shareholders	(205,281)		(18,978)
Weighted average common shares outstanding - basic	83,897		83,510
Loss per common share - basic	$	(2.45)	$	(0.23)
Loss per common share - Diluted
Net loss	$	(200,086)	$	(15,262)
Cumulative undeclared convertible preferred stock dividends	5,195		3,716
Net loss attributable to common shareholders	(205,281)		(18,978)
Weighted average common shares outstanding - diluted	83,897		83,510
Loss per common share - diluted	$	(2.45)	$	(0.23)