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(Loss) Earnings Per Share (Tables)
3 Months Ended
Mar. 31, 2021
Earnings Per Share [Abstract]  
Schedule of Earnings (Loss) 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 EPS and diluted EPS for the three months ended March 31, 2021 was 85,307,705. The weighted average shares outstanding used to compute basic EPS and diluted EPS for the three months ended March 31, 2020 was 85,519,151 and 86,044,525, respectively.  

 

 

 

Three Months Ended March 31,

 

($ and shares outstanding in millions, except per share amounts)

 

2021

 

 

2020

 

Basic EPS:

 

 

 

 

 

 

 

 

Numerator:

 

 

 

 

 

 

 

 

Net (loss) income(1)

 

$

(7

)

 

$

8

 

Denominator:

 

 

 

 

 

 

 

 

Weighted average shares outstanding

 

 

85

 

 

 

86

 

Basic EPS

 

$

(0.08

)

 

$

0.09

 

Diluted EPS:

 

 

 

 

 

 

 

 

Numerator:

 

 

 

 

 

 

 

 

Net (loss) income(1)

 

$

(7

)

 

$

8

 

Denominator:

 

 

 

 

 

 

 

 

Weighted average shares outstanding

 

 

85

 

 

 

86

 

Diluted EPS

 

$

(0.08

)

 

$

0.09

 

 

(1)

Net (loss) income for the three months ended March 31, 2021 and 2020 was $(6,771,415) and $7,826,746, respectively.