Net Loss per Share

3 Months Ended

Mar. 31, 2020

Earnings Per Share [Abstract]

Net Loss per Share

Net Loss Per Share

Basic net loss per share is computed by dividing net loss available to common shares by the weighted-average number of common shares outstanding during the period. Diluted net loss per share is computed by dividing net loss available to common shares by the diluted weighted-average number of common shares outstanding during the period, which reflects the dilutive effect of potential common shares using the treasury stock method.

For purposes of the diluted net loss per share computation, all potential common shares that would be dilutive were excluded because their effect would be anti-dilutive due to the net loss available to common shares. As a result, basic net loss per share is equal to diluted net loss per share for the periods presented.

The computations of basic and diluted net loss per share for the periods presented are as follows:

	For the Three Months Ended
(in thousands, except per share amounts)	March 31, 2020			March 31, 2019
Numerator:
Net loss	$	(300,293	)	$	(66,470	)
Denominator:
Weighted-average shares outstanding, basic and diluted	759,092			756,252
Net loss per share, basic and diluted	$	(0.40	)	$	(0.09	)