XML 30 R18.htm IDEA: XBRL DOCUMENT v3.21.2
Earnings per Share
 9 Months Ended
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)2021202020212020
Numerator
Net income (loss)$113,444 $38,946 $250,403 $(733,630)
Denominator
Weighted average common shares outstanding Class A, B and C470,002 454,541 461,908 453,847 
Effect of dilutive securities Class A, B, and C3,114 2,133 3,010 — 
Weighted average common shares and dilutive securities outstanding Class A, B, and C473,116 456,674 464,918 453,847 
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.