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Net Earnings (Loss) Per Share from Continuing Operations
 9 Months Ended
Sep. 30, 2020
Earnings Per Share [Abstract]  
Net Earnings (Loss) Per Share from Continuing Operations

8.

Net Earnings (Loss) Per Share from Continuing Operations

The following table reconciles net earnings (loss) from continuing operations and weighted-average common shares outstanding used in the calculations of basic and diluted net earnings (loss) per share from continuing operations.

 

 

 

Three Months Ended September 30,

 

 

Nine Months Ended September 30,

 

 

 

2020

 

 

2019

 

 

2020

 

 

2019

 

Net earnings (loss) from continuing operations:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net earnings (loss) from continuing operations

 

$

(105

)

 

$

136

 

 

$

(2,475

)

 

$

(91

)

Attributable to participating securities

 

 

(2

)

 

 

(1

)

 

 

(3

)

 

 

(1

)

Basic and diluted earnings (loss) from continuing operations

 

$

(107

)

 

$

135

 

 

$

(2,478

)

 

$

(92

)

Common shares:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Common shares outstanding - total

 

 

383

 

 

 

397

 

 

 

383

 

 

 

415

 

Attributable to participating securities

 

 

(6

)

 

 

(5

)

 

 

(6

)

 

 

(6

)

Common shares outstanding - basic

 

 

377

 

 

 

392

 

 

 

377

 

 

 

409

 

Dilutive effect of potential common shares issuable

 

 

—

 

 

 

2

 

 

 

—

 

 

 

—

 

Common shares outstanding - diluted

 

 

377

 

 

 

394

 

 

 

377

 

 

 

409

 

Net earnings (loss) per share from continuing operations:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Basic

 

$

(0.29

)

 

$

0.34

 

 

$

(6.58

)

 

$

(0.22

)

Diluted

 

$

(0.29

)

 

$

0.34

 

 

$

(6.58

)

 

$

(0.22

)

Antidilutive options (1)

 

 

—

 

 

 

1

 

 

 

—

 

 

 

1

 

 

(1)

Amounts represent options to purchase shares of Devon’s common stock that are excluded from the diluted net earnings per share calculations because the options are antidilutive.