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Earnings per Share
9 Months Ended
Sep. 30, 2020
Earnings Per Share [Abstract]  
Earnings per Share Earnings per Share
The following represents a reconciliation from basic income (loss) per share to diluted income (loss) per share:
 Three Months Ended September 30,Nine Months Ended September 30,
(In thousands, except per share amounts)2020201920202019
Numerator
Net income (loss)$38,946 $102,315 $(733,630)$107,443 
Denominator
Weighted average common shares outstanding Class A, B and C454,541 451,385 453,847 450,739 
Effect of dilutive securities Class A, B, and C2,133 3,310 — 3,308 
Weighted average common shares and dilutive securities outstanding Class A, B, and C456,674 454,695 453,847 454,047 
Basic net income (loss) per share of Class A, B and C common stock$0.09 $0.23 $(1.62)$0.24 
Diluted net income (loss) per share of Class A, B and C common stock$0.09 $0.23 $(1.62)$0.24 

Effects of potentially dilutive securities are presented only in periods in which they are dilutive. Stock options and restricted stock units representing 7.3 million and 0.6 million shares of Class A and C common stock outstanding for the three months ended September 30, 2020 and 2019, respectively, and 1.9 million for the nine months ended September 30, 2019, were excluded from the computation of diluted earnings per share because their effect would have been anti-dilutive. Due to the Company being in a net loss position for the nine months months ended September 30, 2020, there were no stock options or restricted stock units included in the computation of diluted earnings per share, as their effect would have been anti-dilutive.