Loss Per Share

3 Months Ended

Mar. 31, 2020

Earnings Per Share [Abstract]

Loss Per Share

NOTE 11. Loss Per Share

Basic loss per share is calculated by dividing Net loss by the weighted-average number of shares of common stock outstanding. Diluted loss per share is similarly calculated, except that the calculation includes the dilutive effect of the assumed issuance of shares under stock-based compensation plans, unless the inclusion of such shares would have an anti-dilutive impact. The computation of Loss per share is as follows (in thousands, except per share data):

	Three Months Ended March 31,
	2020			2019
Net loss	$	(787,434	)	$	(9,031	)
Basic weighted-average common shares outstanding		66,938			67,584
Effect of dilutive stock-based compensation awards (1)		—			—
Diluted weighted-average common shares outstanding		66,938			67,584
Loss per share, basic	$	(11.76	)	$	(0.13	)
Loss per share, diluted		(11.76	)		(0.13	)

(1) There were 4,516 and 266 potential common shares excluded from diluted weighted-average shares outstanding for the three months ended March 31, 2020 and March 31, 2019, respectively, as their inclusion would have had an anti-dilutive effect.