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Net Loss Per Share (Tables)
 9 Months Ended
Sep. 30, 2020
Earnings Per Share [Abstract]  
Computation of Basic and Diluted Earnings Per Share

The following table sets forth the computation of basic and diluted earnings per share for the three and nine month periods ended September 30, 2020 and 2019; however, because of the undistributed losses, the shares of common stock associated with the Forward Transactions are excluded from the computation of basic earnings per share in 2020 and 2019 as undistributed losses are not allocated to these shares (in thousands, except per share amounts):

 

 

 

For the Three Months

 

 

For the Nine Months

 

 

 

Ended September 30,

 

 

Ended September 30,

 

 

 

2020

 

 

 

2019

 

 

2020

 

 

2019

 

Net loss from continuing operations

 

$

(8,890

)

 

$

(2,854

)

 

$

(32,479

)

 

$

(87,495

)

Net loss from discontinued operations

 

 

(71,234

)

 

 

(20,037

)

 

 

(218,402

)

 

 

(36,158

)

Net loss

 

 

(80,124

)

 

 

(22,891

)

 

 

(250,881

)

 

 

(123,653

)

Less: Participation rights of the Forward Transactions

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

Undistributed losses

 

$

(80,124

)

 

$

(22,891

)

 

$

(250,881

)

 

$

(123,653

)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Weighted-average common shares outstanding-basic and diluted

 

 

82,707

 

 

 

80,908

 

 

 

81,892

 

 

 

80,370

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net loss attributable to common stock per share from continuing operations-basic and diluted

 

$

(0.11

)

 

$

(0.04

)

 

$

(0.40

)

 

$

(1.09

)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net loss attributable to common stock per share from discontinued operations-basic and diluted

 

 

(0.86

)

 

 

(0.25

)

 

 

(2.67

)

 

 

(0.45

)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net loss attributable to common stock per share -basic and diluted

 

$

(0.97

)

 

$

(0.29

)

 

$

(3.07

)

 

$

(1.54

)