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(Loss) Earnings Per Share (Tables)
12 Months Ended
Dec. 31, 2020
Earnings Per Share [Abstract]  
Schedule of Earnings Per Share, Basic and Diluted

The following table presents the calculation of our basic and diluted (loss) earnings per share (“EPS”).   The weighted average shares outstanding used to compute basic and diluted EPS for the year ended December 31, 2020 is 85,181,106. The weighted average shares outstanding used to compute basic and diluted EPS for the year ended December 31, 2019 is 88,758,859 and 89,291,176, respectively. The weighted average shares outstanding used to compute basic and diluted EPS for the year ended December 31, 2018 is 97,209,889 and 97,898,242, respectively.

 

 

 

Year Ended December 31,

 

($ in millions, except per share amounts)

 

2020

 

 

2019

 

 

2018

 

Basic EPS

 

 

 

 

 

 

 

 

 

 

 

 

Numerator:

 

 

 

 

 

 

 

 

 

 

 

 

Net (loss) income(1)

 

$

(201

)

 

$

216

 

 

$

298

 

Denominator:

 

 

 

 

 

 

 

 

 

 

 

 

Weighted average shares outstanding

 

 

85

 

 

 

89

 

 

 

97

 

Basic EPS

 

$

(2.36

)

 

$

2.43

 

 

$

3.07

 

Diluted EPS

 

 

 

 

 

 

 

 

 

 

 

 

Numerator:

 

 

 

 

 

 

 

 

 

 

 

 

Net (loss) income(1)

 

$

(201

)

 

$

216

 

 

$

298

 

Denominator:

 

 

 

 

 

 

 

 

 

 

 

 

Weighted average shares outstanding

 

 

85

 

 

 

89

 

 

 

98

 

Diluted EPS

 

$

(2.36

)

 

$

2.42

 

 

$

3.05

 

 

(1)

Net (loss) income for years ended December 31, 2020, 2019, and 2018 was ($200,709,244), $215,695,961, and $298,124,983, respectively.