Earnings per Share (Tables)

3 Months Ended

Mar. 31, 2022

Schedule of Reconciliation of Basic Earnings per Share to Diluted Earnings per Share

The following represents a reconciliation from basic income (loss) per share to diluted income (loss) per share:


	Three Months Ended March 31,
	2022		2021(1)
Numerator
Net income (loss) - Basic	$	(59,610)	$	77,752
Interest on Convertible Senior Notes due 2024, net of tax (2)	—		—
Net Income (loss) - Diluted	$	(59,610)	$	77,752
Denominator
Weighted average common shares outstanding Class A, B and C - Basic	471,425		456,014
Dilutive effect of Class A, B, and C securities (2)	—		3,212
Dilutive effect of Convertible Senior Notes due 2024 (2)	—		—
Weighted average common shares and dilutive securities outstanding Class A, B, and C	471,425		459,226

Basic net income (loss) per share of Class A, B and C common stock	$	(0.13)	$	0.17
Diluted net income (loss) per share of Class A, B and C common stock	$	(0.13)	$	0.17

(1) The Company adopted ASU 2020-06 on January 1, 2022 using the modified retrospective transition approach. As a result, prior period comparatives have not been restated to conform to current period presentation.

(2) Effects of potentially dilutive securities are presented only in periods in which they are dilutive.