Earnings Per Share

9 Months Ended

Sep. 30, 2020

EARNINGS PER SHAREBasic earnings per share are computed by dividing net loss attributable to common shareholders of the Company by the weighted average number of outstanding shares for the period. Diluted earnings per share are calculated based on the weighted

number of outstanding common shares plus the dilutive effect of stock options and warrants, as if they were exercised, and restricted stock units and profits interests, as if they vested and NCI convertible units, as if they converted.

Basic and diluted loss per share is as follows:


	Three Months Ended September 30,				Nine Months Ended September 30,
	2020		2019		2020		2019
Net loss attributable to common shareholders of the Company	$	(40,548)	$	(38,716)	$	(249,694)	$	(99,634)
Weighted average shares outstanding - basic	103,450		89,262		98,304		84,817
Effect of dilutive securities	—		—		—		—





Weighted average shares - diluted	103,450		89,262		98,304		84,817
Net loss per share attributable to common shareholders of the Company - basic	$	(0.39)	$	(0.43)	$	(2.54)	$	(1.17)
Net loss per share attributable to common shareholders of the Company - diluted	$	(0.39)	$	(0.43)	$	(2.54)	$	(1.17)

During the nine months ended September 30, 2020, 5,684 Fixed warrants, 2,436 Floating warrants, 5,108 Fixed Share restricted share units, 2,189 Floating Share restricted share units, 3,148 Fixed Share stock options, 1,349 Floating Share stock options and 24,142 NCI convertible units were excluded from the calculation of net loss per share attributable to common shareholders of the Company - diluted as they were anti-dilutive. During the nine months ended September 30, 2019, 2,040 warrants, 8,120 restricted share units, 4,963 stock options, 1,000 profits interests and 25,519 NCI convertible units were excluded from the calculation of net loss per share attributable to common share attributable to common shareholders of the Company - diluted as they were anti-dilutive.