Earnings per Share (EPS) (Tables)

12 Months Ended

Dec. 31, 2020

Schedule of Calculation of Numerator and Denominator in Earnings Per Share

The calculations of basic and diluted earnings per share are presented below. The sum of earnings per share amounts may not equal the totals due to rounding.


	Years Ended December 31,
	2020		2019		2018
Numerator:
(Loss) income from continuing operations	$	(191,659)	$	40,149	$	181,705
Income from discontinued operations, net of tax	10,115		154,460		60,106
Net (loss) income (numerator for diluted EPS)	(181,544)		194,609		241,811
Less: Preference stock dividend	—		8		32
(Loss) income attributable to common stockholders (numerator for basic EPS)	$	(181,544)	$	194,601	$	241,779
Denominator:
Weighted-average shares used in basic EPS	171,519		176,251		187,277
Dilutive effect of common stock equivalents (1)	—		1,198		1,105
Weighted-average shares used in diluted EPS	171,519		177,449		188,382
Basic (loss) earnings per share:
Continuing operations	$	(1.12)	$	0.23	$	0.97
Discontinued operations	0.06		0.88		0.32
Net (loss) income	$	(1.06)	$	1.10	$	1.29
Diluted (loss) earnings per share:
Continuing operations	$	(1.12)	$	0.23	$	0.96
Discontinued operations	0.06		0.87		0.32
Net (loss) income	$	(1.06)	$	1.10	$	1.28

Common stock equivalents excluded from calculation of diluted earnings per share because their impact would be anti-dilutive:	11,626		15,751		12,089

(1) Due to the net loss for the year ended December 31, 2020, common stock equivalents of 2,483 shares were excluded from the calculation of diluted earnings per share as the impact would have been anti-dilutive.