Earnings Per Share

12 Months Ended

Dec. 31, 2020

Basic EPS is computed by dividing net income attributable to common shareholders by the weighted-average number of shares of common stock outstanding for the period. The weighted-average shares outstanding for diluted EPS includes the incremental effects of the various long-term incentive compensation plans and forward agreements when the impact of such plans and agreements would be dilutive. The calculation of diluted earnings per share for the years ended December 31, 2020 and December 31, 2018 does not include any dilutive potential common shares as we had a net loss on the Statements of Consolidated Income (Loss) for these periods, and any incremental shares would have had an anti-dilutive impact on EPS. The computation of diluted average common shares is as follows:


Year Ended December 31, (in thousands)	2020	2019	2018
Denominator
Basic average common shares outstanding	384,347	374,650	356,491
Dilutive potential common shares:

Shares contingently issuable under employee stock plans	—	929	—
Shares restricted under employee stock plans	—	154	—
Forward agreements	—	253	—
Diluted Average Common Shares	384,347	375,986	356,491