Earnings Per Share

12 Months Ended

Dec. 31, 2019

Organization, Consolidation and Presentation of Financial Statements [Abstract]

EARNINGS PER SHARE:

Basic earnings per share is computed by dividing net income attributable to CNX shareholders by the weighted average shares outstanding during the reporting period. Diluted earnings per share is computed similarly to basic earnings per share, except that the weighted average shares outstanding are increased to include additional shares from stock options, performance stock options, restricted stock units and performance share units, if dilutive. The number of additional shares is calculated by assuming that outstanding stock options and performance share options were exercised, that outstanding restricted stock units and performance share units were released, and that the proceeds from such activities were used to acquire shares of common stock at the average market price during the reporting period. CNXM's dilutive units did not have a material impact on the Company's earnings per share calculations for the year ended December 31, 2019 or the period from January 3, 2018 through December 31, 2018.

The table below sets forth the share-based awards that have been excluded from the computation of diluted earnings per share because their effect would be antidilutive:



	For the Years Ended December 31,
	2019	2018	2017
Anti-Dilutive Options	4,696,264	2,285,775	2,773,423
Anti-Dilutive Restricted Stock Units	1,282,582	—	18,598
Anti-Dilutive Performance Share Units	752,899	145,217	—
Anti-Dilutive Performance Share Options	927,268	927,268	927,268
	7,659,013	3,358,260	3,719,289

The computations for basic and diluted earnings per share are as follows:



	For the Years Ended December 31,
	2019			2018		2017
Income from Continuing Operations	$	31,948		$	883,111	$	295,039
Less: Net Income Attributable to Non-Controlling Interest	112,678			86,578		—
Net (Loss) Income from Continuing Operations Attributable to CNX Resources Shareholders	$	(80,730	)	$	796,533	$	295,039
Income from Discontinued Operations	—			—		85,708
Net (Loss) Income Attributable to CNX Resources Shareholders	$	(80,730	)	$	796,533	$	380,747

Weighted-average shares of common stock outstanding	190,727,122			212,348,581		228,835,112
Effect of diluted shares	—			2,280,384		2,116,700
Weighted-average diluted shares of common stock outstanding	190,727,122			214,628,965		230,951,812

(Loss) Earnings Per Share:
Basic (Continuing Operations)	$	(0.42	)	$	3.75	$	1.29
Basic (Discontinued Operations)	—			—		0.37
Total Basic	$	(0.42	)	$	3.75	$	1.66

Diluted (Continuing Operations)	$	(0.42	)	$	3.71	$	1.28
Diluted (Discontinued Operations)	—			—		0.37
Total Diluted	$	(0.42	)	$	3.71	$	1.65

Shares of common stock outstanding were as follows:



	For the Years Ended December 31,
	2019		2018		2017
Balance, Beginning of Year	198,663,342		223,743,322		229,443,008
Issuance Related to Stock-Based Compensation (1)	909,107		814,344		711,214
Retirement of Common Stock (2)	(12,929,487	)	(25,894,324	)	(6,410,900	)
Balance, End of Year	186,642,962		198,663,342		223,743,322

(1) See Note 17 - Stock-Based Compensation for additional information.

(2) See Note 7 - Stock Repurchase for additional information.