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Earnings per Share | 9 Months Ended
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Sep. 30, 2021
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) | 2021 |  | 2020 |  | 2021 |  | 2020
Numerator |  |  |  |  |  |  |
Net income (loss) | $ | 113,444 |  |  | $ | 38,946 |  |  | $ | 250,403 |  |  | $ | (733,630) |
Denominator |  |  |  |  |  |  |
Weighted average common shares outstanding Class A, B and C | 470,002 |  |  | 454,541 |  |  | 461,908 |  |  | 453,847 |
Effect of dilutive securities Class A, B, and C | 3,114 |  |  | 2,133 |  |  | 3,010 |  |  | — |
Weighted average common shares and dilutive securities outstanding Class A, B, and C | 473,116 |  |  | 456,674 |  |  | 464,918 |  |  | 453,847 |
Basic net income (loss) per share of Class A, B and C common stock | $ | 0.24 |  |  | $ | 0.09 |  |  | $ | 0.54 |  |  | $ | (1.62) |
Diluted net income (loss) per share of Class A, B and C common stock | $ | 0.24 |  |  | $ | 0.09 |  |  | $ | 0.54 |  |  | $ | (1.62) |
Effects of potentially dilutive securities are presented only in periods in which they are dilutive. Stock options and restricted stock units representing 0.5 million and 1.9 million shares of Class A and Class C Common Stock outstanding for the three and nine months ended September 30, 2021, respectively, (three and nine months ended September 30, 2020 - 7.3 million and 0 respectively), 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 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.

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- Definition The entire disclosure for earnings per share. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=109243012&loc=SL65017193-207537 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (c) -URI http://asc.fasb.org/extlink&oid=124432515&loc=d3e3550-109257 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -URI http://asc.fasb.org/topic&trid=2144383 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=124432515&loc=d3e3630-109257 + Details
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