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Note 13 - 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 6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Jun. 30, 2020
Jun. 30, 2019
Net income available to the Company's common shareholders $ 741,539 $ 86,493 $ 825,285 $ 188,128
Earnings attributable to participating securities (5,253) (660) (5,687) (1,285)
Net income available to the Company’s common shareholders for basic earnings per share 736,286 85,833 819,598 186,843
Distributions on convertible units 33 0 81 20
Net income available to the Company’s common shareholders for diluted earnings per share $ 736,319 $ 85,833 $ 819,679 $ 186,863
Weighted average common shares outstanding – basic (in shares) 429,967 419,697 429,851 419,581
Equity awards (in shares) [1] 970 949 1,469 1,166
Assumed conversion of convertible units (in shares) [1] 233 0 207 51
Weighted average common shares outstanding – diluted (in shares) [1] 431,170 420,646 431,527 420,798
Basic earnings per share (in dollars per share) $ 1.71 $ 0.20 $ 1.91 $ 0.45
Diluted earnings per share (in dollars per share) $ 1.71 $ 0.20 $ 1.90 $ 0.44
[1] The effect of the assumed conversion of certain convertible units had an anti-dilutive effect upon the calculation of Net income 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 1.2 million and 1.3 million stock options that were not dilutive as of June 30, 2020 and 2019, respectively, and 2.5 million shares of restricted stock that were not dilutive for the three months ended June 30, 2020.