XML 37 R12.htm IDEA: XBRL DOCUMENT v3.19.3.a.u2
(LOSS) EARNINGS PER SHARE
 12 Months Ended
Dec. 31, 2019
Earnings Per Share [Abstract]  
(LOSS) EARNINGS PER SHARE
The following table reflects the calculation of basic and diluted (loss) earnings per share. During each period, certain stock options, as noted below, were excluded from the calculation of diluted (loss) earnings per share because their effect would have been antidilutive. 
(in thousands, except per share amounts)
 
2019
 
2018
 
2017
(Loss) earnings per share – basic:
 
 
 
 
 
 
Net (loss) income
 
$
(199,897
)
 
$
149,630

 
$
230,155

Income allocated to participating securities
 
(101
)
 
(617
)
 
(1,457
)
(Loss) income available to common shareholders
 
$
(199,998
)
 
$
149,013


$
228,698

Weighted-average shares outstanding
 
43,029

 
46,842

 
48,127

(Loss) earnings per share – basic
 
$
(4.65
)
 
$
3.18

 
$
4.75

 
 
 
 
 
 
 
(Loss) earnings per share – diluted:
 
 

 
 

 
 
Net (loss) income
 
$
(199,897
)
 
$
149,630

 
$
230,155

Income allocated to participating securities
 
(101
)
 
(616
)
 
(1,450
)
Re-measurement of share-based awards classified as liabilities
 
—

 
(471
)
 
59

(Loss) income available to common shareholders
 
$
(199,998
)
 
$
148,543


$
228,764

Weighted-average shares outstanding
 
43,029

 
46,842

 
48,127

Dilutive impact of potential common shares
 
—

 
149

 
321

Weighted-average shares and potential common shares outstanding
 
43,029

 
46,991


48,448

(Loss) earnings per share – diluted
 
$
(4.65
)
 
$
3.16

 
$
4.72

Antidilutive options excluded from calculation
 
1,347

 
1,209

 
262