Earnings Per Share

3 Months Ended

Mar. 31, 2020

The following table reconciles the numerators and denominators used in the computations of basic and diluted earnings per share from continuing operations (in thousands, except per share data):


	Three Months Ended March 31,
	2020		2019
Numerator:
(Loss) income from continuing operations	$	(209,771)	$	59,214
Less: Net income attributable to non-controlling interests	783		912
Net (loss) income from continuing operations available to common stockholders, basic and diluted	$	(210,554)	$	58,302
Denominator:
Basic weighted-average common shares outstanding	274,037		275,589
Add: Dilutive effect of stock options and restricted stock awards	—		2,016
Diluted weighted-average common shares outstanding	274,037		277,605
Earnings per share from continuing operations:
Basic	$	(0.77)	$	0.21
Diluted	$	(0.77)	$	0.21

Basic earnings per share are based on the weighted-average number of common shares outstanding during each period. Diluted earnings per share are based on the weighted-average number of common shares outstanding plus the effect of all dilutive common stock equivalents during each period. The diluted weighted-average common shares outstanding calculation excludes 2 million of dilutive stock options and restricted stock awards for the three months ended March 31, 2020 as their effect would be anti-dilutive given the net loss incurred in the period. The calculation of diluted weighted-average shares excludes the impact of 1 million of anti-dilutive common stock equivalents for the three months ended March 31, 2019.