EARNINGS PER SHARE

6 Months Ended

Jun. 30, 2021

The following table presents the calculation of basic and diluted earnings per common share from continuing operations:


	Three months ended June 30,				Six months ended June 30,
	2021		2020		2021		2020
	(In thousands, except per share amounts)

Earnings (loss) from continuing operations	$	149,568	$	(73,705)	$	201,152	$	(182,834)
Less: Distributed and undistributed earnings allocated to unvested stock	(703)		(130)		(940)		(248)
Earnings (loss) from continuing operations available to common shareholders	$	148,865	$	(73,835)	$	200,212	$	(183,082)










Weighted average common shares outstanding — Basic	52,378		52,355		52,333		52,320
Effect of dilutive equity awards	1,213		—		1,039		—
Weighted average common shares outstanding — Diluted	53,591		52,355		53,372		52,320

Earnings (loss) from continuing operations per common share — Basic	$	2.84	$	(1.41)	$	3.83	$	(3.50)
Earnings (loss) from continuing operations per common share — Diluted	$	2.78	$	(1.41)	$	3.75	$	(3.50)
Anti-dilutive equity awards not included in diluted EPS	417		3,612		958		3,498