Earnings Per Share (Tables)

3 Months Ended

Mar. 31, 2021

Schedule of Weighted Average Earnings Per Share

The following tables reconcile the weighted-average shares of common stock outstanding used in the calculation of basic earnings per share to the weighted-average shares of common stock outstanding used in the calculation of diluted earnings per share:


	Three Months Ended March 31,
(In thousands)	2021	2020
Determination of shares:
Weighted-average shares of common stock outstanding	536,481	465,177
Assumed conversion of restricted stock (1)	924	—
Assumed settlement of forward sale agreements (1)	7,397	—
Diluted weighted-average shares of common stock outstanding	544,802	465,177

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(1)For the three months ended March 31, 2020, any such amounts have been excluded from the diluted weighted average number of shares of common stock as we were in a net loss position and the effect of inclusion would have been anti-dilutive. Assuming we had net income, using the treasury stock method, the assumed conversion of our restricted stock would have been in the amount of 83,367 shares and the assumed settlement of the March 2021 Forward Sale Agreements and June 2020 Forward Sale Agreement would have been in the amount of 10,291,832 shares.


	Three Months Ended March 31,
(In thousands, except per share data)	2021		2020
Basic:
Net income (loss) attributable to common stockholders	$	269,801	$	(24,012)
Weighted-average shares of common stock outstanding	536,481		465,177
Basic EPS	$	0.50	$	(0.05)

Diluted:
Net income (loss) attributable to common stockholders	$	269,801	$	(24,012)
Diluted weighted-average shares of common stock outstanding	544,802		465,177
Diluted EPS	$	0.50	$	(0.05)