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Earnings Per Share (Tables)
 9 Months Ended
Sep. 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 (loss) 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 Nine Months Ended

 

 

 

September 30,

 

 

September 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

 

$

(8,921

)

 

$

4,336

 

 

$

(15,187

)

 

$

6,740

 

Earnings allocated to unvested participating securities

 

 

(14

)

 

 

(10

)

 

 

(40

)

 

 

(23

)

Numerator for (loss) income from continuing operations per

   common share - basic and diluted

 

 

(8,935

)

 

 

4,326

 

 

 

(15,227

)

 

 

6,717

 

Discontinued Operations:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Income from discontinued operations attributable to

   common stockholders

 

 

1,963

 

 

 

2,746

 

 

 

5,307

 

 

 

6,506

 

Earnings allocated to unvested participating securities

 

 

(4

)

 

 

(7

)

 

 

(14

)

 

 

(31

)

Numerator for income from discontinued operations

   per common share - basic and diluted

 

 

1,959

 

 

 

2,739

 

 

 

5,293

 

 

 

6,475

 

Numerator for (loss) income per common share - basic

   and diluted

 

$

(6,976

)

 

$

7,065

 

 

$

(9,934

)

 

$

13,192

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Denominator:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Denominator for basic income per common share - weighted

   average shares

 

 

221,461

 

 

 

231,198

 

 

 

223,593

 

 

 

232,974

 

Effect of dilutive stock-based compensation plans (1)

 

 

-

 

 

 

32

 

 

 

-

 

 

 

31

 

Denominator for diluted income per common share - weighted

  average shares

 

 

221,461

 

 

 

231,230

 

 

 

223,593

 

 

 

233,005

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Continuing operations, net

 

$

(0.04

)

 

$

0.02

 

 

$

(0.07

)

 

$

0.03

 

Discontinued operations, net

 

 

0.01

 

 

 

0.01

 

 

 

0.03

 

 

 

0.03

 

(Loss) income per common share - basic and diluted

 

$

(0.03

)

 

$

0.03

 

 

$

(0.04

)

 

$

0.06

 

 

(1)

The effect of dilutive securities excludes 22,941 and 26,936 weighted average share equivalents for the three months ended September 30, 2020 and 2019, respectively, and 23,795 and 27,112 weighted average share equivalents for the nine months ended September 30, 2020 and 2019, respectively, as their effect was anti-dilutive.