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Common Share Data
3 Months Ended
Mar. 31, 2020
Earnings Per Share [Abstract]  
Common Share Data Common Share Data:

Earnings Per Share - Consolidated basic earnings per share excludes the dilutive effect of common stock equivalents and is computed by dividing income (loss) available to common stockholders by the weighted-average number of common shares actually outstanding for the quarterly and year-to-date periods. Diluted earnings per share are similarly calculated with the inclusion of dilutive common stock equivalents. The following table provides a reconciliation of net income (loss) and the number of shares used in basic and diluted earnings per share calculations.
 
 
 
Quarters Ended
 
 
 
March 31,
 
 
 
 
 
2020
 
2019
Numerator:
 
 
 
 
 
 
 
Basic and diluted earnings per share -
 
 
 
 
 
 
 
income (loss) available to common stockholders
 
 
 
 
$
(604.8
)
 
$
412.2

Denominator:
 
 
 
 
 
 
 
Basic earnings per share -
 
 
 
 
 
 
 
weighted-average shares (a)
 
 
 
 
300,280,398

 
299,020,956

Effect of dilutive securities - stock based
 
 
 
 
 
 
 
   compensation awards
 
 
 
 

 
1,151,897

Diluted earnings per share -
 
 
 
 
 
 
 
adjusted weighted-average shares (a)
 
 
 
 
300,280,398

 
300,172,853

Earnings per share: Basic
 
 
 
 
$
(2.01
)
 
$
1.38

Diluted
 
 
 
 
$
(2.01
)
 
$
1.37

 
 
 
 
 
 
 
 
Anti-dilutive common stock equivalents
 
 
 
 
 
 
 
excluded from earnings per share computations:
 
 
 
 
 
 
 
Stock based compensation awards
 
 
 
 
9,620,404

 
3,284,700

__________

(a) In calculating earnings per share, pertinent accounting rules require that common shares owned by the Company's Employee Savings and Stock Ownership Plan that are not yet allocated to participants in the plan be excluded from the calculation. Such shares are issued and outstanding, and have the same voting and other rights applicable to all common shares.