Shareholders' Equity (Tables)

6 Months Ended

Jun. 30, 2020

Stockholders' Equity Note [Abstract]

Schedule Of Net Income (Loss) Per Common Share

Net income (loss) per common share was determined by dividing adjusted net income (loss) to common shareholders by the applicable weighted average common shares outstanding. Basic common shares outstanding include restricted stock units that are no longer subject to any contingencies for issuance, but for which corresponding shares have not been issued. Diluted net income (loss) per common share is computed by dividing adjusted net income (loss) to common shareholders by the weighted average number of common shares and dilutive potential common shares outstanding during the period.


	Quarter Ended June 30,						Six Months Ended June 30,
(in thousands, except per share amounts)	2020		2019		2020		2019
Net income (loss) to common shareholders	$	921,768	$	497,298	$	(483,995)	$	1,073,725
Adjustment of redeemable noncontrolling interests	(13,073)		3,324		2,940		21,685
Adjusted net income (loss) to common shareholders	$	908,695	$	500,622	$	(481,055)	$	1,095,410

Basic common shares outstanding	13,808		13,866		13,812		13,881

Dilutive potential common shares from restricted stock units and restricted stock ⁽¹⁾	13		12		—		12
Diluted common shares outstanding	13,821		13,878		13,812		13,893
Basic net income (loss) per common share	$	65.81	$	36.10	$	(34.83)	$	78.91
Diluted net income (loss) per common share ⁽¹⁾	$	65.75	$	36.07	$	(34.83)	$	78.85

⁽¹⁾The impact of restricted stock units and restricted stock of 11 thousand shares was excluded from the computation of diluted earnings per common share for the six months ended June 30, 2020 because the effect would have been anti-dilutive.