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Earnings Per Share (Tables)
 6 Months Ended
Jun. 30, 2020
Earnings Per Share [Abstract]  
Summary of Computation of Earnings Per Share

The following table summarizes our net (loss) income and the number of common shares used in the computation of basic and diluted income per common share, which includes the weighted average number of common shares outstanding and the effect of dilutive potential common shares, if any.

 

 

 

For the Three Months Ended

 

 

For the Six Months Ended

 

 

 

June 30,

 

 

June 30,

 

(Amounts in thousands, except per share amounts)

 

2020

 

 

2019

 

 

2020

 

 

2019

 

Numerator:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Continuing Operations:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net (loss) income from continuing operations attributable to

   common stockholders

 

$

(8,234

)

 

$

595

 

 

$

(6,266

)

 

$

2,404

 

Earnings allocated to unvested participating securities

 

 

(14

)

 

 

(4

)

 

 

(26

)

 

 

(13

)

Numerator for (loss) income from continuing operations per

   common share - basic and diluted

 

 

(8,248

)

 

 

591

 

 

 

(6,292

)

 

 

2,391

 

Discontinued Operations:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Income from discontinued operations attributable to

   common stockholders

 

 

1,964

 

 

 

1,860

 

 

 

3,344

 

 

 

3,760

 

Earnings allocated to unvested participating securities

 

 

(4

)

 

 

(14

)

 

 

(11

)

 

 

(24

)

Numerator for income from discontinued operations

   per common share - basic and diluted

 

 

1,960

 

 

 

1,846

 

 

 

3,333

 

 

 

3,736

 

Numerator for (loss) income per common share - basic

   and diluted

 

$

(6,288

)

 

$

2,437

 

 

$

(2,959

)

 

$

6,127

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Denominator:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Denominator for basic income per common share - weighted

   average shares

 

 

221,573

 

 

 

234,330

 

 

 

224,671

 

 

 

233,877

 

Effect of dilutive stock-based compensation plans (1)

 

 

-

 

 

 

26

 

 

 

-

 

 

 

31

 

Denominator for diluted income per common share - weighted

  average shares

 

 

221,573

 

 

 

234,356

 

 

 

224,671

 

 

 

233,908

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(Loss) income per Common Share - Basic and Diluted:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Continuing operations, net

 

$

(0.04

)

 

$

0.00

 

 

$

(0.03

)

 

$

0.01

 

Discontinued operations, net

 

 

0.01

 

 

 

0.01

 

 

 

0.02

 

 

 

0.02

 

(Loss) income per common share - basic and diluted

 

$

(0.03

)

 

$

0.01

 

 

$

(0.01

)

 

$

0.03

 

 

(1)

The effect of dilutive securities excludes 22,917 and 26,812 weighted average share equivalents for the three months ended June 30, 2020 and 2019, respectively, and 24,201 and 27,180 weighted average share equivalents for the six months ended June 30, 2020 and 2019, respectively, as their effect was anti-dilutive.