Earnings per Share

3 Months Ended

Mar. 31, 2020

Basic income or (loss) per share is based on the weighted average number of common shares outstanding during the period. Diluted income or (loss) per share includes additional common shares that would have been outstanding if potential common shares with a dilutive effect, such as stock awards from the Equity Awards Plans, had been issued. Anti-dilutive securities represent potentially dilutive securities which are excluded from the computation of diluted income or (loss) per share as their impact would be anti-dilutive.

A reconciliation of the numerators and denominators used for the basic and diluted net loss per share computations is as follows:



	Three Months Ended March 31,
	2020			2019
Numerator:
Net loss	$	(71,756	)	$	(21,806	)

Denominator:
Basic weighted-average common shares outstanding⁽¹⁾	212,842			104,422
Dilutive effect of restricted stock awards granted to Board of Directors	114			37
Dilutive effect of time-based restricted stock awards granted under the Equity Plan	871			8
Dilutive effect of performance-based restricted stock awards granted under the Equity Plan	1,034			327
Diluted weighted-average common shares outstanding⁽¹⁾	214,861			104,794

⁽¹⁾

As a result of the net loss incurred by the Company for the three months ended March 31, 2020 and 2019, the calculation of diluted net loss per share gives no consideration to the potentially anti-dilutive securities shown in the above reconciliation, and as such is the same as basic net loss per share.