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Note 16 - Earnings Per Share - Reconciliation of Earnings (Loss) and the Weighted Average Number of Shares (Details) - USD ($)
$ / shares in Units, shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2021
Sep. 30, 2020
Sep. 30, 2021
Sep. 30, 2020
Net income/(loss) available to the Company's common shareholders $ 501,385 $ (44,748) $ 743,316 $ 780,537
Earnings attributable to participating securities (4,078) (251) (5,749) (5,259)
Net income/(loss) available to the Company’s common shareholders for basic earnings per share 497,307 (44,999) 737,567 775,278
Distributions on convertible units 42 0 3,009 119
Net income/(loss) available to the Company’s common shareholders for diluted earnings per share $ 497,349 $ (44,999) $ 740,576 $ 775,397
Weighted average common shares outstanding – basic (in shares) 546,842 429,994 469,885 429,899
Equity awards (in shares) [1] 1,718 0 1,837 1,496
Assumed conversion of convertible units (in shares) [1] 206 0 2,730 207
Weighted average common shares outstanding – diluted (in shares) [1] 548,766 429,994 474,452 431,602
Basic earnings per share (in dollars per share) $ 0.91 $ (0.10) $ 1.57 $ 1.80
Diluted earnings per share (in dollars per share) $ 0.91 $ (0.10) $ 1.56 $ 1.80
[1] The effect of the assumed conversion of certain convertible units had an anti-dilutive effect upon the calculation of Net income/(loss) available to the Company’s common shareholders per share. Accordingly, the impact of such conversions has not been included in the determination of diluted earnings per share calculations. Additionally, there were 0.5 million and 1.2 million stock options that were not dilutive as of September 30, 2021 and 2020, respectively, and 2.5 million shares of restricted stock that were not dilutive for the three months ended September 30, 2020.