Earnings Per Share

6 Months Ended

Jun. 30, 2020

Basic net (loss) per common share is based upon the weighted average number of common shares outstanding during the period. Diluted net (loss) per common share is based upon the weighted average number of common shares outstanding, including the dilutive effect, if any, of potentially dilutive securities using the treasury stock method.

The Company’s potentially dilutive shares consist of: (i) vested and unvested stock options that are in-the-money, and (ii) unvested RSUs and PSUs.

A reconciliation of the (loss) per share data from a basic to a fully diluted basis is detailed below (amounts in thousands, except per share data):


	Three Months Ended June 30,						Six Months Ended June 30,
	2020		2019		2020		2019
Net (Loss)	$	(68,662)	$	(111,599)	$	(325,389)	$	(193,780)
Net (Loss) per Common Share:
Net (Loss) per Common Share, Basic and Diluted	$	(0.51)	$	(0.89)	$	(2.49)	$	(1.54)

Shares used in Computing Net (Loss) per Common Share:
Weighted average basic and diluted shares outstanding	133,423		126,043		130,535		125,806






Shares subject to stock options omitted from the calculation of (loss) per common share as their effect would have been anti-dilutive	4,950		4,880		5,011		4,401
Shares subject to unvested RSUs and PSUs omitted from the calculation of (loss) per common share as their effect would have been anti-dilutive	5,095		2,062		5,297		1,920